National Development and Reform Commission: Make an investment prohibition decision on foreign investors’ acquisitions of the Manus project in accordance with laws and regulations

Manus’s $2 billion has now gone down the drain—Meta has very likely already obtained some technology, and the “only-refund” backlash is also blowing over to Zuckerberg.
Founders Xiao Hong and Ji Yichao shouldn’t think that moving the company to Singapore will allow them to get away—so long as the core technology is developed within China and transferred abroad, that’s still technology export!
If the country doesn’t step in, then in the future other AI companies will do the same: incubate using domestic resources, rush overseas, and sell to U.S. capital—then the China–U.S. AI game will already be lost at the starting line.