China supports legal tech deals amid Meta acquisition review
China's commerce ministry backs legal transnational deals. This follows reports of a review into Meta's two billion dollar purchase of AI startup Manus.
Xurve View
Insights:
Xurve View
China has expressed its support for law-abiding transnational business operations and technological cooperation, following reports that regulators are scrutinizing a high-profile acquisition by a major American technology firm.
Commerce ministry spokesperson He Yadong addressed the situation on Thursday, clarifying the government's position on international corporate partnerships and the legal frameworks governing them.
