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

According to The Information, Chinese investors including Tencent, Sequoia China, and Zhenfund plan a $2 billion buyback of AI agent startup Manus from Meta, marking a significant reversal following the deal's blockage by Chinese regulators in April. The repurchase aims to restore Manus to Chinese ownership under a new joint venture structure registered in China, with plans to pursue a potential Hong Kong listing.

Manus' annual recurring revenue has surged to $400-500 million, a 4-5 fold increase from approximately $100 million at the time of Meta's original acquisition, according to sources familiar with the matter. The buyback would allow early investors to reacquire equity at the original purchase price, presenting a favorable return opportunity as Manus continues independent development.