TechFlow news, July 11, according to Southern Metropolitan Daily, Tencent is negotiating to become the largest shareholder of general AI Agent company Manus, with a Chinese capital consortium led by Tencent planning to repurchase all equity of Manus from Meta at a valuation of approximately $2 billion. However, insiders revealed that after the transaction is completed, Tencent will still maintain a minority shareholder status and will not hold a controlling stake.
Manus is an AI Agent product launched by Butterfly Effect Company, which went viral overnight in China in March 2025, with annualized revenue exceeding $100 million. Previously, Meta announced the acquisition of Manus, but due to the intervention of the Ministry of Commerce and the foreign investment security review mechanism, the acquisition was legally prohibited and ordered to be revoked in April 2026. This repurchase by Chinese capital is a subsequent development following the halt of the acquisition.
