Ministry of Commerce Responds to Review of Meta's Acquisition of Manus: Enterprises Must Comply with Chinese Laws and Regulations in Overseas Investment and Other Activities

Odaily News: At a regular press conference held by the Ministry of Commerce on the 8th, spokesperson He Yadong responded to questions regarding the review of Meta's acquisition of the AI platform Manus, stating that the Chinese government consistently supports enterprises in conducting mutually beneficial and win-win cross-border operations and international technological cooperation in accordance with laws and regulations. It should be noted that enterprises engaging in activities such as overseas investment, technology export, data outbound transfer, and cross-border mergers and acquisitions must comply with Chinese laws and regulations and fulfill statutory procedures. The Ministry of Commerce will collaborate with relevant departments to conduct an assessment and investigation into the compliance of this acquisition with relevant laws and regulations concerning export controls, technology import and export, and overseas investment. (Xinhua News Agency)