# National Reform and Development Commission (NDRC)

Type: government

Source: Startup Intelligence Brief — https://getstartupbrief.com/entity/national-reform-and-development-commission-ndrc
Canonical HTML page: https://getstartupbrief.com/entity/national-reform-and-development-commission-ndrc

## Timeline

- **2026-04**: NDRC Blocks Meta-Manus Deal — Forces unwinding of $2.5 billion acquisition, citing national security and calling the transaction a 'circumvention' of regulations.
- **2025**: Beijing Intensifies Offshore Scrutiny — Authorities begin publicly condemning 'China shedding' and increasing reviews of offshore-structured tech companies.
- **2022**: Manus Relocates to Singapore — AI startup Manus moves its global operations and staff to Singapore, a common jurisdictional shift by Chinese tech firms.

## Recent coverage (1 stories)

### Startup’s $2.5B Exit Vanishes as Beijing Declares War on Offshore Domiciles
2026-06-27 12:36:52 · Sentiment: Negative · Impact: 7/10 · Sources: 2

For Chinese AI startups, the unwinding of Meta’s acquisition of Manus is a bullet to the exit playbook. Beijing’s explicit prohibition of 'China shedding' means venture-backed firms can no longer count on foreign buyouts as a liquidity path.
Full story: https://getstartupbrief.com/story/startups-china-shedding-crackdown-meta-manus

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