Recently, a high-profile case has attracted attention: Manus, a Chinese AI company acquired by Meta for $2 billion, suddenly fell into an investigation controversy. The Financial Times disclosed that the Chinese Ministry of Commerce has initiated a review process, focusing on whether the company bypassed relevant export control requirements when transferring employees and technology to Singapore.

Although it is still in the early stages of investigation, if it is ultimately determined that an export license is required, it could directly impact the progress of this acquisition. In extreme cases, it could even lead to the deal falling through. This has led many to consider: in the current complex policy environment, how many pitfalls must cross-border tech mergers and acquisitions navigate.