Concern among China’s leadership with what officials called “selling young crops” spurred a review of Meta’s $2bn purchase of Chinese-founded AI start-up Manus.
China’s commerce ministry kicked off an evaluation of the deal after officials at the highest levels of government demanded an assessment of whether the transaction — a rare example of a US company buying an AI start-up with Chinese roots — would result in the loss of cutting-edge technology and talent, said two people familiar with the discussions.
One of the people said top officials were particularly focused on the danger of “selling young crops”, a euphemism for the cross-border transfer or sale of emerging technologies.
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