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# Tencent in talks to become Manus’ largest shareholder

**[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments

## Summary

Tencent is in talks to become the largest shareholder in Manus, the Chinese AI agent startup whose $2bn acquisition by Meta was blocked by Beijing on national-security grounds. A consortium of original investors — including ZhenFund and HSG (formerly Sequoia Capital China) — plans to repurchase Manus at the same $2bn valuation, effectively reversing the deal. Tencent would hold the biggest single stake but remain a minority shareholder. US firm Benchmark is expected to exit, shifting the cap table toward predominantly domestic Chinese investors. Manus had grown its annualized revenue to an estimated $400–500m during its time under Meta's umbrella, up from ~$100m prior. The buyback restores Chinese ownership but removes the distribution advantages Meta provided, and the episode is seen as a template for how Beijing handles strategic AI assets going forward.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://thenextweb.com/news/tencent-in-talks-to-become-manus-largest-shareholder>

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Tags: [#venture-capital](https://daily.dev/tags/venture-capital), [#ai-agents](https://daily.dev/tags/ai-agents)

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