China moves to block tech firms from taking US money without government approval

China is tightening oversight of foreign investment in its AI and internet sectors.

The NDRC reportedly warned several private tech firms to avoid U.S. funding rounds without approval.

Beijing’s scrutiny of Meta’s acquisition of AI startup Manus reflects concerns over foreign investment and tech exports.

The move could limit Chinese tech firms’ access to Western capital and widen the China-U.S. tech divide.