Tencent in talks to become Manus’ largest shareholder

Tencent is negotiating to become the largest shareholder in Manus, an AI startup previously set to be acquired by Meta for over $2 billion before the deal was blocked by Chinese regulators. The buyback involves Manus' original investors repurchasing the company at the same valuation, shifting ownership predominantly to domestic firms. Manus specializes in AI agents capable of multi-step autonomous tasks, a technology that boosted its revenue significantly during its brief association with Meta.