News Summary

• Manus, one of China’s most buzzed-about AI startups, quietly relocated to Singapore and sold itself to Meta for $2 billion.
• Beijing has a phrase for all of this: “selling young crops” — homegrown AI companies that move abroad and sell themselves to foreign buyers before they’ve fully matured.
• By every measure, Manus was trying to make itself a Singapore company.
• But given the stakes of the AI race, that was always a big gamble.