Manus, the AI startup that Meta agreed to acquire for roughly $2 billion before China forced the deal to be unwound, has raised more than $500 million from investors including Boyu Capital and IDG Capital, with Tencent, HSG and ZhenFund participating. China’s National Development and Reform Commission ordered the acquisition withdrawn on April 27, 2025, citing prohibitions on foreign investment in Manus, and Meta cut ties in June. Manus announced it would operate independently again in August and now sells Cue, an app that gives AI agents their own phone numbers and digital wallets. The company reported $100 million in annual recurring revenue about eight months after launching in March 2025.
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