The Ministry of Commerce responded to the review of Meta's acquisition of Manus: Enterprises engaging in overseas investment and other activities must...
TL;DR
China's Ministry of Commerce stated that enterprises must comply with laws when engaging in overseas activities like Meta's acquisition of Manus, and will assess its legality with relevant departments.
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Odaily Odaily reported that at a regular press conference held on the 8th, Ministry of Commerce spokesperson He Yadong, in response to a question regarding the review of Meta's acquisition of the artificial intelligence platform Manus, stated that the Chinese government consistently supports enterprises in conducting mutually beneficial transnational operations and international technological cooperation in accordance with laws and regulations. It should be noted that enterprises engaging in overseas investment, technology export, data export, cross-border mergers and acquisitions must comply with Chinese laws and regulations and follow legal procedures. The Ministry of Commerce will work with relevant departments to conduct an assessment and investigation into the consistency of this acquisition with relevant laws and regulations concerning export controls, technology import and export, and overseas investment. (Xinhua News Agency)