China to Curb U.S. Tech Funding Post Meta Deal

Chinese regulators will require government approval for U.S. capital in tech firms, targeting AI startups and ByteDance.
The move follows Meta Platforms' $2 billion acquisition of Manus, prompting an investigation into illegal foreign investment.
Companies cited include Moonshot AI, StepFun, and ByteDance, with restrictions on secondary share sales to U.S. investors.
Earlier measures also barred overseas‑incorporated Chinese firms from Hong Kong listings, tightening foreign capital channels.