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Chinese AI startup Manus seeks to raise $500 million in new funding at a $4 billion valuation.
Chinese AI startup Manus is seeking to raise $500 million in new funding at a $4 billion valuation, following its return to independent operations. This comes after its merger deal with Meta was blocked by Chinese regulators over concerns about AI talent drain and export controls. According to the Wall Street Journal, citing anonymous sources, potential investors include IDG Capital, Boyu Capital, CATL, and existing investors Tencent, HSG, and ZhenFund. Manus is also reportedly considering a restructuring in preparation for an IPO in Hong Kong.
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