China blocks SoftBank’s $5.4 billion ABB robotics deal: How Beijing is tightening its grip on strategic technologies
Mint ·
China has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, citing concerns over strategic technology and data security. The move follows Beijing’s decision to unwind Meta’s $2 billion-plus acquisition of AI startup Manus, signalling tighter scrutiny of foreign investments.