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Tencent Negotiates to Acquire Majority Stake in Manus Following Meta's Unwinding
Jul 10, 2026
AI Summary
Tencent Holdings is in negotiations to become the largest shareholder in Manus, a Chinese AI company. This move follows a directive from Beijing to reverse Meta Platforms' acquisition of Manus, with existing investors discussing a deal at a valuation of $2 billion.
- Tencent Holdings Ltd. is in talks to become the largest shareholder in Manus, a Chinese AI pioneer.
- The discussions are part of efforts to unwind Meta Platforms Inc.'s acquisition of Manus, which was ordered by Beijing.
- Existing investors in Manus, including Tencent, ZhenFund, and HSG, are negotiating a deal at a valuation of $2 billion.
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