China’s Manus has successfully raised more than $500 million in its first funding round since parting ways with Meta, according to TechCrunch. The round was led by Boyu Capital and IDG Capital, marking a significant milestone for the company as it seeks to expand independently.
Existing investors including Tencent, HSG (formerly Sequoia China), and ZhenFund also participated in the funding, highlighting continued confidence from major players in the Chinese tech investment landscape. This influx of capital is expected to bolster Manus’s growth and innovation efforts.
For Japanese investors and markets, Manus’s substantial fundraising reflects the ongoing interest and competitive pressure in Asia’s tech sector, particularly in areas overlapping with FX, crypto, and equities where Chinese firms play an increasingly influential role.