Manus AI's Original Chinese Investors Plan $2B Buyback From Meta After Beijing's Forced Unwind Order, With Hong Kong IPO Targeted

The original Chinese backers of Manus AI—including Tencent, ZhenFund, and HSG—are planning to repurchase the startup from Meta at the original $2 billion acquisition price, with co-founders exploring raising approximately $1 billion from new investors to fund the transaction, per The Information. China's National Development and Reform Commission ordered the deal unwound in April 2026 citing foreign investment security concerns, and Meta has already severed Manus from its internal systems and sunsetting the platform. The restructured entity would operate as a Chinese joint venture, positioning for a Hong Kong IPO.