Friday, 10 July, 2026
The Buyback Battle: Tencent Eyes Top Spot in Manus After Meta Block
By TechShots Studio
Tencent is leading a consortium to buy back AI agent startup Manus for at least $2 billion. The move follows a strict national-security order from Beijing forcing Meta to unwind its previous acquisition of the company. Alongside original backers like ZhenFund and HSG, Tencent is in advanced talks to step in as the startup's largest shareholder.
Read full story at REUTERS