Manus Founder Xiao Hong's Travel Restrictions Lifted, Plans Return to Singapore Soon

According to Financial Times, citing two people familiar with the matter, regulators are preparing to lift travel restrictions on Manus founder and CEO Xiao Hong and co-founder Xiao Ji. Xiao Hong has informed employees of plans to return to Singapore shortly.

Xiao Hong and co-founder Ji Yichao were required to remain in China in March while regulators investigated whether Meta's acquisition of Manus violated rules. In April, regulators required Meta to reverse its roughly $2 billion acquisition. Manus confirmed this week it will resume independent operations. The restructuring plan, involving repurchases by Tencent, ZhenGeBasics, and HSG, is substantially complete and pending regulatory approval.