Wendy Chang – Charm

AI firm Manus to resume ‘independent’ operations after China blocks Meta deal

2 months ago06 mins

China has been cracking down on a practice known as “Singapore-washing,” which is when companies leave the country to take advantage of looser regulations and funding opportunities (GREG BAKER) AI startup Manus said Tuesday it would resume “operating as an independent company,” months after Beijing blocked Meta’s multi-billion-dollar acquisition of the Chinese-developed, Singapore-based company. Some…

Singapore-washing is a trend where Chinese firms move to the city state in order to attract overseas funding, a laxer regulatory environment or to appeal to a global customer base without an explicitly Chinese image (Roslan RAHMAN)

How China block of AI deal could stop ‘Singapore-washing’

5 months ago07 mins

Singapore-washing is a trend where Chinese firms move to the city state in order to attract overseas funding, a laxer regulatory environment or to appeal to a global customer base without an explicitly Chinese image (Roslan RAHMAN) · Roslan RAHMAN/AFP/AFP When is a Chinese AI startup not a Chinese AI startup? When it’s based in…