Chinese Investors Including Tencent Plan $2 Billion Buyback of Manus from Meta

According to The Information, citing two sources, Chinese early investors in AI agent startup Manus are planning a $2 billion equity buyback from Meta Platforms, following the collapse of Meta's acquisition attempt in April. Tencent, Sequoia Capital China, and zhenfund are among the potential participants in the repurchase deal, which aims to bring Manus back under Chinese investor control.

Manus has grown significantly since Meta's original acquisition; its annualized revenue run rate now stands at $400–500 million, a four to five-fold increase from approximately $100 million when Meta first acquired the company. As part of the buyback plan, Manus is restructuring its corporate architecture to establish a joint venture registered in China, paving the way for a potential Hong Kong listing.