Meta Buys Manus AI for $2 Billion After $100M ARR and Singapore Move
Meta acquired Chinese AI startup Manus for $2 billion after the startup relocated from Beijing to Singapore and recorded over $100 million in annual recurring revenue with millions of users. Meta pledged to cut ties with Manus’s Chinese investors and shut down its China operations as part of the deal.
1. Acquisition Details
Meta closed a $2 billion deal to acquire Manus, integrating the AI startup’s technology and pledging to sever all ties with its former Chinese investors and operations in China.
2. Manus's Pre-Deal Performance and Move
Before the acquisition, Manus had relocated its headquarters and core team from Beijing to Singapore, restructured ownership, and achieved over $100 million in annual recurring revenue alongside millions of users.
3. Strategic Impact
The deal bolsters Meta’s AI research and development efforts by adding Manus’s advanced screening and analytics tools, while underscoring the intensifying global competition for AI talent and technology.