https://mp.weixin.qq.com/s/Y_K2eHYEh-Uj96xBfU7OaQ

玉渊潭天 Yuyuan Tantian

On April 27, the Office of the Working Mechanism for the Security Review of Foreign Investment (National Development and Reform Commission), acting in accordance with law and regulation, made the following decision: prohibit Meta's acquisition of Manus, and require the parties to unwind the transaction.

4月27日，外商投资安全审查工作机制办公室（国家发展改革委）依法依规作出决定：禁止Meta收购Manus，并要求当事人撤销该交易。

Once the news broke, all manner of commentary followed.

消息一出，各种评论都有。

Some said it was only reasonable. Selling Manus in its entirety to foreign investors carried significant risk, so it was natural that the deal would be blocked.

有人说，情理之中。Manus全部卖给外资存在较大风险，被叫停是理所当然。

Some said the signal was a major one. It meant AI companies would henceforth enter an era of strong regulation.

有人说，信号重大。这意味着AI企业从此将进入强监管时代。

Others asked: would this fundamentally rewrite the rules of the game for Chinese companies going abroad?

还有人说，这是不是将彻底改变中国企业出海的游戏规则？

What is actually going on? Tan Zhu walks you through it in four questions.

事情究竟是怎么回事？谭主用四个问题，带你一次看懂。

"Why intervene?" The unusual nature of this acquisitionSimple logic for a complex world | YU YUAN TAN TIAN

「 为什么管？」此次收购交易的特殊性 简单逻辑看复杂世界 YU YUAN TAN TIAN

The decision to block this transaction is unusual in both its timing and its force.

禁止这次交易，无论在时机还是力度上都非同寻常：

International AI competition is now entering a white-hot stage.