And what exactly are these founders being investigated for?
Manus was built in China and all of its development happened there. In order to skirt Chinese review of the deal they tried to close down shop there and move to Singapore.
I don't think China is being unreasonable. I'm sure the US would act exactly the same way if an American tech company raised money from China and then tried to close down in the US and move all of its IP and technology to a different country so that it can be bought out by Alibaba or Bytedance without having to deal with US approval
"Legal Strategy for Commercial Hostage-taking and Business Exit Bans" https://law.stanford.edu/wp-content/uploads/2024/08/SJIL_60-...
> Nippon Steel's acquisition of U.S. Steel can be stopped by the US President based on a recommendation from the Committee on Foreign Investment in the United States (CFIUS), citing risks to national security under Section 721 of the Defense Production Act.
National security risks. Exactly what China is citing. It's literally the exact same situation.
EDIT: In fact, the US regularly stops acquisition of US companies by China https://hvmilner.scholar.princeton.edu/sites/g/files/toruqf2...
What a mic drop.
https://hvmilner.scholar.princeton.edu/sites/g/files/toruqf2...