China is reviewing Meta's $2.5 billion acquisition of the AI startup Manus, marking a significant moment as it's the first major deal involving a U.S. tech giant and a startup with Chinese connections. The move raises concerns in Beijing about the potential for more Chinese entrepreneurs to pursue similar acquisitions in the U.S. Amid a competitive tech landscape, Chinese officials are tightening control over AI technologies and are considering adding strategically important developments to an export-control list. Manus, which was founded in China but relocated to Singapore last year, seeks to expand its global reach. The deal highlights the disparity between the wealth opportunities in Silicon Valley and what Chinese startups typically encounter at home. Meta's intention to retain Manus's leadership and talent, particularly its co-founders known as “Red” and “Peak,” underscores the value placed on Chinese AI engineers in the consumer application space. Beijing's warning serves as a reminder that any cross-border technology or data transfers must comply with Chinese regulations.