Tech article
China’s Manus raises over $500M in first funding round since split with Meta
Publisher description: Boyu Capital and IDG Capital led the funding round, and existing shareholders Tencent, HSG (formerly known as Sequoia China), ZhenFund and others also participated.
TechCrunch | Oct 8, 2026 | Kate Park
Automated excerpt
Chinese AI lab Manus’ parent company, Butterfly Effect, said on Thursday in a WeChat post that it has raised more than $500 million, the company’s first funding round since Meta was forced to call off its $2 billion acquisition of the startup. In April, Chinese authorities ordered the AI startup to unwind the deal amid intensifying worries in China over losing AI talent and researchers to the West. Manus makes AI products and agents similar to what companies like Cursor, Lovable, and Replit offer.
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