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Manus Founders Seek $1 Billion Financing to Withdraw Meta Acquisition and Pursue Hong Kong IPO

AirdropBlackHole
According to monitoring by Beating, Bloomberg reports that the three founders of AI startup Manus, Xiao Hong, Ji Yichao, and Zhang Tao, are exploring a buyback plan to raise approximately $1 billion from external investors in response to regulatory demands to withdraw Meta's acquisition of Manus. Sources indicate that the buyback valuation will at least match the $2 billion paid by Meta during the acquisition. In addition to the planned $1 billion in external funding, the founders may also contribute their own funds to cover the remaining amount. If negotiations are successful, Manus will establish a joint venture with these investors in China and seek a listing in Hong Kong. In April of this year, the acquisition of Manus by Meta was mandated to be withdrawn by regulators, who clearly stated their intention to prevent sensitive technology from flowing to U.S. companies. Previously, regulatory authorities had taken a similar strict stance, prohibiting domestic tech giants like ByteDance and Moonlight from accepting U.S. investments without approval. Given that most of the transaction has already been completed, fully reversing the deal poses significant challenges. Manus employees have currently joined Meta's office in Singapore, and their technology has been deeply integrated with Meta's systems. Early investors such as Tencent, Sequoia China, and ZhenFund have also received exit funds. Currently, the related buyback and split plans are still in preliminary discussions, and valuations and terms may change at any time; the three founders may ultimately choose to abandon the plan.
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