Manus revenue skyrockets to $500 million, Chinese investors buy back from Meta at original price of $2 billion
Due to a directive from Chinese regulators to reverse transactions, early Chinese investors plan to redeem the company from Meta at the original $2 billion price. However, since being acquired by Meta last December, Manus's subscription revenue has exploded, with ARR soaring from $100 million to $400-500 million. Sequoia China, ZhenFund, and Tencent are participating in the buyback, while top US VC Benchmark completely exits.
Why it matters: Chinese investors are getting back an AI star company with a 5x ARR growth at a "discount price," making this a rare case of investment repatriation amidst the US-China AI geopolitical chess game.
#Manus #AI #人工智能 #Web3
Due to a directive from Chinese regulators to reverse transactions, early Chinese investors plan to redeem the company from Meta at the original $2 billion price. However, since being acquired by Meta last December, Manus's subscription revenue has exploded, with ARR soaring from $100 million to $400-500 million. Sequoia China, ZhenFund, and Tencent are participating in the buyback, while top US VC Benchmark completely exits.
Why it matters: Chinese investors are getting back an AI star company with a 5x ARR growth at a "discount price," making this a rare case of investment repatriation amidst the US-China AI geopolitical chess game.
#Manus #AI #人工智能 #Web3