They should have stopped the technology transfer from China to Singapore. Now that has been completed, they can no longer do anything. China has been too naive about its traitorous companies all moving their HQ outside of China. Temu, Mihoyo, Shein pretty much every successful company leaves.
Artificial Intelligence thread
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Yup. Unfortunately, they must still give a limited degree of freedom for Chinese business entities to go out and seek profits in the broader world even at the expense of benefiting the West. If I could play devil's advocate, it would be that Manus going to Meta is not so bad because Meta, in terms of AI, is at the bottom of the barrel, behind Google, OpenAI, and Anthropic, just like Manus is at the bottom of the barrel behind DeepSeek, Qwen, Kimi, etc. It's like Chinese trash going to be recycled by Western trash. At least it's not directly bolstering the existing Western leaders in AI.
Qwen is actually struggling with text generation (similar to the previous GPT), Qwen Max's performance is simply not up to par.
The situation is somewhat different. Manus had already planned to go overseas when it had very little presence on the mainland.
Shein is still expanding its business in China, and there were previous rumors about relocating its headquarters back to China and listing in Hong Kong. Temu is essentially in the same position, PDD's headquarters also based in Guangzhou.
Mihoyo actually resulted from a founder split. The Singapore studio is essentially a separate operation started by Cai Haoyu with his own shares, and it has little connection to the existing business and has a very small staff.
They rejected all domestic partnerships and acquisitions, whether from private giant or local government investments.
From the beginning, their plan was to use local talent to go overseas.
Then those Chinese companies should have poached the key people and engineers.
I think China needs to make it easier for these companies to list and gather funding, to keep them in the countries ecosystem
The government is clearly encouraging tech companies to go public, whether they're semiconductor equipment or AI companies.
But Manus's problem is that they don't have many key technologies as a foundation, and they're late to the game, making an IPO almost impossible; they have no choice but to gamble.
Of the ones you mentioned only Shein completely moved its HQ outside. Temu is a subsidiary of PinDuoDuo, which is still based in Shanghai and MiHoYo only established cognosphere to deal with some international stuff, while its main operations is still once again Shanghai. If they're traitorous, then the CPC certainly didn't get the memo considering how often the CEO gets awarded national honors.
Temu is Headquarter in Boston from a long time but the parent company is headquarter in Shanghai, Mihoyo is headquarter Shanghai and Shein pretty much every important decision is done in Nanjing China.
SMIC is headquarter in Cayman Island, the company that is making the chips of the most sanctioned company in the world.
ACM Research is headquarter in California, the company that make one of the most advanced wafer cleaning equipment in the world. Probably one of the most important semiconductor equipment makers in China.
Manus is basically a grift company with a mediocre product that got some press because the novelty back them. They move to Singapore because their product is powered by US cloud based models. Alien looking Zuckerberg buy them for the "talent", personally they would have go to Tsinghua and they would have get better talent for cheaper.