Ministry of Commerce Responds to Review of Meta's Acquisition of Manus: Companies Engaging in Overseas Investment and Other Activities Must Comply with Chinese Laws and Regulations
Svmuu News: The Ministry of Commerce held a regular press conference on the 8th. In response to a question regarding the review of Meta’s acquisition of the artificial intelligence platform Manus, Ministry spokesperson He Yadong stated that the Chinese government has consistently supported enterprises in conducting mutually beneficial cross-border operations and international technological cooperation in accordance with laws and regulations. It should be noted that enterprises engaging in activities such as foreign investment, technology exports, data transfers abroad, and cross-border mergers and acquisitions must comply with Chinese laws and regulations and follow the required legal procedures. The Ministry of Commerce will work with relevant departments to conduct an assessment and investigation into the consistency of this acquisition with laws and regulations regarding export controls, technology imports and exports, and foreign investment. (Xinhua News Agency)
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