China said Monday it has decided to block Meta’s $2 billion acquisition of Manus, a Singaporean AI startup with Chinese roots.
Flying cars and 5-minute charges: China’s EV industry sees opportunity in Iran crisis
As the US-Iran war has sent the world scrambling for fuel, China is positioned to benefit from its rapid shift into electric vehicles.
China’s ban on Meta-Manus deal shows strains in US.-China business ties
China’s move to force Meta to unwind its acquisition of the AI startup demonstrates Beijing’s willingness to use economic weapons to safeguard key interests.
At UN, China Denounces Japan and EU Over South China Sea Remarks
April 27 (Reuters) – China denounced remarks by Japan and the European Union about the South China Sea at a U.N. Security Council meeting on Monday and accused Tokyo of provocative behavior in the …
China Says Hostile Foreign Forces Are Driving Its Youth to Slack Off
The country’s intelligence agency blamed anti-China influences from abroad for stoking youth disillusionment.
Blocking of Meta’s AI startup buy raises risk for cross-border China tech deals
“For founders and VCs, the takeaway is deal certainty risk. Cross-border exits, especially to U.S. buyers, may now carry a higher China regulatory discount unless approvals and China touchpoints are …
‘Draconian development’ in Meta-Manus deal draws the line in China’s AI race with the US
Beijing’s decision to block Meta’s acquisition of Manus is a warning to other startups thinking of relocating data, talent and intellectual property abroad.
China hit by rare April floods forcing hundreds of residents to evacuate
Heavy flooding triggered by torrential downpours has forced the evacuation of more than 200 residents and left cars submerged in a southern Chinese city, state media reported on Tuesday. Qinzhou city, …
Is China ‘winning’ the Iran war?
As the US-Israel war with Iran reaches a diplomatic stalemate – one idea seems to be taking hold: that China is the real winner. Some have argued that the US’s biggest rival is quietly boosting its …
China’s Leaders Vow to Counter Shocks as Economy Withstands War
China’s top leaders pledged to counter external shocks and enhance energy security, while highlighting the economy’s better-than-expected performance so far this year.