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  "path": "/p/managing-new-employment-groups-ndrc",
  "publishedAt": "2026-04-27T22:55:58.000Z",
  "site": "https://sinocism.com",
  "textContent": "Meta generates well over $10B USD a year in revenue selling ads to PRC firms for marketing globally ex-China, and while those firms buy those ads because they work and drive sales, and the PRC government wants to help its exporters, any material reduction in that revenue would be noticed by Meta management and its investors. Meta is also heavily reliant on PRC suppliers for its smart glasses, and could easily have production cut off, though not without cost to some PRC firms. Manus executives likely have family in the PRC who can be pressured, and at least two are reportedly exit-banned. PRC investors in the fund could easily be “encouraged” by the state to disgorge their gains. So it could get messy, especially if this unnamed source speaking to the Financial Times is correct: A person familiar with the matter said Beijing had told the two companies that the deal must be unwound completely, including returning funds, re-registering the company’s ownership and halting Meta’s use of the Manus algorithm. The person said that if the parties failed to fully undo the acquisition, Beijing could impose penalties on Meta, limit its China-related business and possibly pursue criminal charges for individuals involved.",
  "title": "Managing new employment groups; NDRC wants Manus deal unwound; US-China AI discussion; Alleged MSS hacker extradited to US"
}