Chinese Ministry of Commerce responds to review of Meta's acquisition of Manus: Companies engaging in overseas investment activities must comply with Chinese laws and regulations

According to Xinhua News Agency, the Chinese Ministry of Commerce held a routine press conference on the 8th, where Ministry of Commerce spokesperson, Gao Feng, responded to questions regarding the review of Meta's acquisition of the artificial intelligence platform Manus. Gao stated that the Chinese government has always supported companies in conducting cross-border operations and international technology cooperation in a mutually beneficial manner in accordance with the law. It is important to note that companies engaging in overseas investment, technology exports, data exports, cross-border mergers and acquisitions, etc., must comply with Chinese laws and regulations and go through the necessary legal procedures. The Ministry of Commerce, along with relevant departments, will conduct assessments and investigations to ensure the consistency of this acquisition with export controls, technology import and export regulations, overseas investment laws, and other related laws and regulations.

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