China to probe Meta’s purchase of Manus over export controls, tech outflow concerns

China’s Ministry of Commerce says it will conduct a review and investigation into Meta Platforms’ US$2.5 billion acquisition of Manus, examining whether the deal complies with export controls and technology transfer rules, underscoring Beijing’s determination to assert oversight over cross-border technology transactions. Spokesperson He Yadong said at a briefing on Thursday that the ministry would work with other Chinese regulators to assess whether the deal, announced by Meta and Manus a week...