On April 27, 2026, China’s National Development and Reform Commission ordered Meta — as explored in the interface layer wars reshaping consumer tech — to unwind its $2bn acquisition of Manus, an agentic-AI company founded in Beijing in 2022 as Butterfly Effect.
Mid-2025: after a $75M Benchmark-led round, the company shut its Chinese offices and re-domiciled to Singapore.
December 2025: Meta announced the acquisition. The deal closed in Q1 2026. Manus was integrated into Meta’s product stack within weeks.
March 2026: Beijing exit-banned two co-founders while multiple regulators reviewed the transaction — NDRC, the commerce ministry, and the antitrust watchdog — using foreign-investment, export-control, and competition-law instruments simultaneously.









