Regulatory
China has issued sweeping new rules, effective July 1, to tighten control over overseas deals involving Chinese investors, technology, data, and national security. These regulations, published by the State Council, provide a formal legal basis…
Impact: Butterfly Effect Private Limited, Manus' parent company, re-incorporated in Singapore to bypass US investment restrictions and Chinese regulatory constraints, but China's order to unwind the deal directly impacts its structure.
May 21, 2026 · 27 articles