Ministry of Commerce Responds to Review of Meta's Acquisition of Manus: Enterprises Engaging in Outbound Investment and Other Activities Must Comply with Chinese Laws and Regulations
This article is reprinted from Xinhua News Agency.
The Ministry of Commerce held a regular press conference on the 8th. In response to questions regarding the review of Meta's acquisition of the artificial intelligence platform Manus, Ministry spokesperson He Yadong stated that the Chinese government has consistently supported enterprises in conducting mutually beneficial cross-border operations and international technological cooperation in accordance with laws and regulations. It should be clarified that enterprises engaging in activities such as foreign investment, technology exports, data transfers abroad, and cross-border mergers and acquisitions must comply with Chinese laws and regulations and fulfill statutory procedures. The Ministry of Commerce will work with relevant departments to conduct an assessment and investigation into the consistency of this acquisition with laws and regulations concerning export controls, technology imports and exports, and foreign investment. (Reporters Huang Taoming, Xie Xiyao)
