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Story summary
- China ordered Meta Platforms to unwind its more than $2 billion acquisition of Singapore AI startup Manus.
- The founders are seeking a $1 billion funding round to match Meta’s purchase price.
- They may contribute personal capital and create a joint venture with new backers.
- The joint venture could pursue a Hong Kong initial public offering.
- Beijing issued the unwind demand in April, warning that the transfer involves sensitive technology.
