Chinese Artificial intelligence (AI) startup Manus has completed a global transformation by moving its headquarters to Singapore and being acquired by Meta, reportedly for over $2 billion. SMU Associate Professor of Finance Fu Fangjian said the Chinese government does not appear intent on restricting AI companies from expanding overseas. He added that major Chinese AI models such as DeepSeek and Qwen are open-source, indicating that China is taking a relatively open stance towards AI development.
