Manus was born in China, with test data sourced from the Chinese market and development also conducted in China. Now it wants to shed its skin and escape—that won't be so easy!
The Ministry of Commerce's review of the Manus transaction after it fled to Singapore and was subsequently acquired by Meta came at a very timely moment and was also very necessary. These founders are playing tricks, trying to isolate Chinese "elements" to claim a shortcut to selling their valuation, but they don't realize they're playing with fire.
TIKTOK is the real example to follow; Manus is nothing in comparison.
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Manus was born in China, with test data sourced from the Chinese market and development also conducted in China. Now it wants to shed its skin and escape—that won't be so easy!
The Ministry of Commerce's review of the Manus transaction after it fled to Singapore and was subsequently acquired by Meta came at a very timely moment and was also very necessary. These founders are playing tricks, trying to isolate Chinese "elements" to claim a shortcut to selling their valuation, but they don't realize they're playing with fire.
TIKTOK is the real example to follow; Manus is nothing in comparison.