China has ordered Meta to unwind its acquisition of a US$2 billion-plus AI startup, citing national security concerns. Investors are preparing for the deal's reversal, and Meta is expected to return Chinese assets. This decision occurs before a planned summit between US and Chinese presidents.
China had earlier ordered Meta to unwind its US$2 billion-plus acquisition of the artificial intelligence startup. The logo of Meta is seen during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition centre in Paris, France, on Jun 12, 2025.
Add CNA as a trusted source to help Google better understand and surface our content in search results.after China blocked the deal on national security grounds, the Wall Street Journal reported on Monday , citing people familiar with the matter. According to the Journal report, the Singapore-based AI startup's investors, which include venture capital firm Benchmark, have already received their returns.investors in Asia, including Tencent, HSG and ZhenFund, are planning to cooperate if Meta proceeds with unwinding the deal, the report said.
's Chinese assets to their original state, the Journal reported, adding that this would include removing any data or technology previously transferred from Meta. The move comes weeks ahead of a planned mid-May summit in Beijing between US President Donald Trump and Chinese President Xi Jinping. Subscribe to our Chief Editor’s Week in ReviewWe know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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