Chinese AI startup Manus, which earlier this year had to break off a merger with Meta, is in discussions to raise $500 million at a $4 billion valuation now that it has resumed operations as an independent company, The Wall Street Journal reported, citing anonymous sources.
Potential investors in the round include IDG Capital, Boyu Capital, battery maker Contemporary Amperex Technology, as well as existing backers Tencent, HSG and Zhenfund, the Journal reported. Manus is also said to be considering a restructuring exercise to prepare for an IPO in Hong Kong.
