Meta-Manus Acquisition Saga Climaxes
NDRC blocked $2B acquisition; Tencent leads buyback at $2B valuation; founders Xiao Hong and Ji Yichao exit-banned; Singapore loophole dead. Detailed chronicle reveals full arc from Wuhan apartment to regulatory halt, shell controversy, business model, financial pressure (~$500K daily compute cost). No new updates in today's reading.
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Updated Aug 12, 2026