On January 24, The New York Times reported: "China is reviewing the transaction of Meta acquiring AI startup Manus. If it is found to be in violation, the transaction may be altered or even overturned. Manus was founded by a Chinese team and is now headquartered in Singapore. Its relocation last year has raised regulatory concerns about data and tax issues. This review focuses on technology exports and data security issues, bringing attention to the 'Singapore laundering' model in the tech industry. The review is still in its early stages."
[Clever] A acquisition has exposed the veil of cross-border regulation avoidance in the tech industry. The so-called 'Singapore laundering' is just a self-deceiving tactic! From foreign investment evading regulations through shell companies in the past, to now Chinese companies relocating to transfer core technologies, the essence is all exploiting loopholes in the rules. Manus originated in China, and by relocating and changing its appearance, it wants to export AI technology to the US, underestimating the penetrative capability of Chinese regulation. In the current era where technological security has become a bottom line for countries, China's review is not only to protect its technological assets but also to sound an alarm for the industry: technology has no borders, but compliance has red lines. Any clever way of avoiding regulations will ultimately not escape the eyes of regulators!
Original article: toutiao.com/article/1855191955316744/
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