SingaporeManus raised over $500 million after China unwound Meta’s buyout.

It is the largest disclosed single round for a Chinese AI application company, TMTPost reported.

Beijing’s foreign-investment security office ordered the $2 billion deal undone in April, and Manus’s backers bought back the shares.

Tencent, Alibaba and ByteDance now ship rival agents, and TMTPost prices the rumoured $4 billion valuation at 8-10 times recurring revenue.

Manus is preparing a mainland version, founder Xiao Hong wrote on 28 September.

How each outlet framed it
TMTPost
reads the Manus raise as a valuation fall: ARR of $400-500M implies a drop from 20-30x to 8-10x ARR at a $4B mark

Sources: TMTPost