Chinese authorities intensified their investigation into Meta Platforms Inc.'s $2 billion acquisition of the Chinese-founded AI startup, Manus.
The probe expanded beyond initial concerns regarding tech export and national security violations. The investigation now includes potential infractions related to cross-border currency flows. It also covers tax accounting and overseas investments.
Beijing's deepened review increases the risk that regulators could modify or cancel the deal. The investigation focuses on whether the American tech giant improperly shared or compromised Chinese technology. It also examines potential compromise of Chinese user data.