Manus parent Butterfly Effect raised more than $500 million led by Boyu Capital and IDG Capital, with Tencent, HSG and ZhenFund. No valuation was disclosed; talks were reported at about $4 billion,…
Meta agreed to buy Manus for a reported $2 billion-plus in December 2025. In April 2026 China's planning agency prohibited foreign investment in the company and ordered the deal withdrawn, even tho…
The decision sets a precedent: relocating abroad does not put a Chinese-founded AI company beyond Beijing's reach, which makes such companies harder for Western buyers to acquire.
Manus deleted user data created after the deal to separate from Meta, resumed independent operations and is building teams for the Chinese market, with its ownership now firmly in Chinese hands.
Revenue was reported to have grown from about $100 million a year in December to $400 million to $500 million by June. Margins after model and computing costs, and access to models amid US-China re…
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