Tencent is in negotiations to become the largest shareholder of AI company Manus, with plans to repurchase all equity from Meta at a valuation of approximately $2 billion, according to Southern Metropolitan Daily. Despite this move, Tencent will maintain a minority shareholder status and not gain a controlling stake. Manus, an AI Agent product by Butterfly Effect Company, gained significant traction in China in March 2025, with annualized revenue surpassing $100 million. The acquisition follows a legal prohibition on Meta's previous purchase of Manus, which was revoked in April 2026 due to intervention by the Ministry of Commerce and foreign investment security review mechanisms. This repurchase by Chinese capital represents a significant development after the halted acquisition.