China blocked Meta Platforms' proposed acquisition of AI firm Manus, with state media clarifying it's not a general foreign investment restriction. Beijing emphasized that the AI industry's strategic nature extends beyond simple commercial considerations.

Beijing’s decision to block Meta Platforms’ proposed acquisition of artificial intelligence firm Manus should not be seen as a restriction on foreign investment, Chinese state media said, urging companies in the sector to “go global when ready” and “pursue partnerships where appropriate”. “What stands out from Meta’s Manus deal is that the AI industry is transcending simple commercial logic,” Yuyuan Tantian, the influential social media account run by state broadcaster CCTV, said on Wednesday in...