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China orders Meta to unwind its $2 billion acquisition of Manus

The Next Web
Ana-Maria Stanciuc

The NDRC’s Office of the Working Mechanism for Foreign Investment Security Review issued a formal cancellation order on Monday, four months after the deal was announced. Manus co-founders Xiao Hong and Ji Yichao have been barred from leaving China since March.  China’s National Development and Reform Commission has formally ordered Meta to unwind its $2 […] This story continues at The Next Web