China's Manus Raises Over $500M After Meta Deal Falls Through
Key Takeaways
- Manus raised over $500 million led by Boyu Capital and IDG Capital.
- The funding follows the cancellation of Meta's $2 billion acquisition due to Chinese regulatory intervention.
- Existing investors like Tencent, HSG, and ZhenFund participated in the round.
- Manus recently launched Manus 2.0 and the Cue app, and is reportedly considering a Hong Kong IPO.
Chinese AI startup Manus has secured more than $500 million in a new funding round led by Boyu Capital and IDG Capital, following the collapse of its proposed $2柏 billion acquisition by Meta due to regulatory pressure from Beijing. The company plans to use the capital to continue hiring talent globally and advance its independent operations after previously relocating staff to Singapore and later unwinding the Meta deal. Manus continues to develop advanced AI agents and recently launched Manus 2.0 alongside a standalone app called Cue, while also reportedly weighing a potential public listing in Hong Kong.
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