Manus Plans to Raise $1 Billion to Withdraw Meta’s Acquisition and Pursue Listing in Hong Kong

According to Bloomberg, the three founders of Manus are exploring multiple options to comply with Beijing’s requirement to unwind Meta Platforms Inc.’s acquisition of the company—including raising approximately $1 billion from external investors to repurchase the China-founded AI firm. Sources familiar with the matter said the three founders are in discussions regarding a funding round valued at no less than the $2 billion Meta paid; the founders may also personally fund the remainder of the transaction. If this plan moves forward, the next step could involve first establishing a China-based joint venture with relevant investors, followed by an IPO in Hong Kong.