Meta plans to unwind $2 billion Manus deal after Beijing demand

Meta is reportedly preparing to unwind its $2 billion deal with Manus. The reversal comes after a demand from Beijing. The news appears as Meta showcases its pavilion at the World Economic Forum. The pavilion was displayed in Davos, Switzerland on Jan. 19, 2025. The Meta pavilion underscores the company’s visibility at the forum. The Manus partnership was valued at $2 billion in the report. Beijing’s request prompted Meta to reconsider the agreement. Industry watchers will observe how the unwind influences Meta’s China strategy.