The expert evaluation of the Manus merger case was prohibited: shell swapping and relocation for arbitrage to evade regulation ultimately cannot achieve the goal
By: www.chaincatcher.com|2026/04/29 14:52:46
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According to CCTV News, the Office of the Foreign Investment Security Review Mechanism has legally made a decision to prohibit the foreign acquisition of the Manus project, requiring the parties involved to withdraw the acquisition transaction. Manus was initially developed by the Chinese company Butterfly Effect and became an overnight sensation after its release in March 2025. In June of the same year, it moved its headquarters to Singapore and ceased domestic operations, and in December 2025, it was announced by the American company Meta that it would acquire it for approximately $2 billion.
Zhou Mi, a researcher at the Ministry of Commerce's Academy, stated that Manus moved the project to Singapore through funding and corporate transfer before selling it to an American company, which raises suspicions of intentionally evading regulation. If such practices are not controlled, more companies will follow suit, harming national development interests and security.
Zhou Mi emphasized that China has consistently maintained an open attitude towards foreign investment but takes a cautious stance on sensitive investments involving key technologies and data security, stating that "evading regulation in a malicious manner will ultimately not achieve the intended purpose."
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