Meta Platforms

Big Tech earnings show split between AI trade winners and losers

The artificial intelligence boom is alive and well, but investors are getting more granular

Manus co-founder and chief scientist Yichao Ji is reportedly barred from leaving China, alongside its chief executive officer Xiao Hong.

Meta-Manus deal reversal redraws lines for global AI startups

CHINA’S order to unwind Meta’s US$2 billion acquisition of Manus has sent artificial intelligence (AI) founders into panic mode, especially those with strong Chinese roots who are building outside the...

Meta plans to cut 10% of its workforce – about 8,000 employees – from May 20.

Meta, Amazon, Wall Street: Global giants slashing headcounts worldwide

BT rounds up recent moves by major companies to pare their workforce in 2026

Meta CEO Mark Zuckerberg has expressed confidence in the decision to escalate spending, though his answers to analysts’ questions were vague.

Alphabet, Amazon outpace Meta in AI during earnings bonanza

A key question among investors and analysts is whether that massive spending is providing tangible results

The authorities this week ordered the unravelling of the American tech giant’s US$2 billion (S$2.6 billion) purchase of Manus.
NEWS ANALYSIS

What China’s blocking of Manus deal means for its AI start-ups relocating overseas for US capital

The startup’s fate raises questions about Chinese AI firms venturing abroad in search of a more neutral identity with which to tap foreign funds and expand globally

Meta CEO Mark Zuckerberg has signalled that his company will spend hundreds of billions of US dollars on AI infrastructure before the end of the decade.

Meta shares plunge on escalating concerns over AI spending spree

The company has announced billion-dollar deals with Nvidia, Advanced Micro Devices and Broadcom for chips and other hardware

Entrepreneurs, financiers and companies are scrambling to avoid becoming another Manus, whose Chinese founders moved their business to Singapore to tap global capital.

China’s Meta backlash renders Manus model ‘officially dead’

Beijing is piling on the pressure just as startups grapple with escalating geopolitical tensions

MiroMind – founded by Chen Tianqiao, a pioneer of China’s online gaming industry.

Billionaire founder overhauls MiroMind after warning on Manus

AI startup’s approach may now offer a formula for domestic firms hoping to set up global businesses

Meta announced the acquisition of Manus in late December 2025, saying it was aimed at accelerating AI innovation and integrating advanced automation.
BT EXPLAINS

AI arms race: Why China scuppered Manus’ US$2 billion sale to Meta

The startup’s parent company moved its headquarters to Singapore in June 2025, shortly before the deal