Moonshot AI and Other Chinese Firms Weigh Corporate Overhaul in Wake of Meta-Manus Deal Reversal

Chinese tech startups such as Moonshot AI and DeepRoute.ai are considering changing their corporate structures—in which they’re partly incorporated overseas—in favor of incorporating in China. That shift follows signals from China’s securities regulator that it is less likely to approve initial public offerings by local companies incorporated outside the country, say people with direct knowledge of the matter.

The regulator’s new stance could make it harder for Chinese startups to raise capital from overseas investors. It follows the controversy over Meta Platforms’ acquisition of AI agent Manus, which the Chinese government this week ordered unwound.