Techmeme
December 30, 2025, 7:30 AM

Top News

Bloomberg:
Meta agrees to acquire Singapore-based startup Manus, which makes an AI agent for SMBs; Manus said earlier in December its annual revenue run rate was $125M+  —  Meta Platforms Inc. has agreed to acquire Singapore-based startup Manus, adding a popular artificial intelligence agent to its effort …
Wall Street Journal:
Sources: Meta is buying Manus for $2B+, after approaching the startup during a fundraising at a $2B valuation; Manus CEO Xiao Hong will report to Javier Olivan  —  The deal for more than $2 billion is one of the first in which a major U.S. tech company has bought a startup with Chinese roots
Nikkei Asia:
Meta says Manus, initially based in Beijing and Wuhan, will cut Chinese investor ties after the deal and “will discontinue its services and operations in China”  —  PALO ALTO, California/HONG KONG — Meta says it will acquire AI startup Manus and that the Singapore-based company …
Bloomberg:
Sources: Chinese AI startup MiniMax is seeking to raise $600M+ from its Hong Kong IPO, set for January 2026, and has secured Alibaba and the ADIA as backers  —  Chinese artificial intelligence startup MiniMax has secured Alibaba Group Holding Ltd. and Abu Dhabi Investment Authority as key backers …
Vikki Blake / Eurogamer.net:
Michał Kiciński, co-founder of CD Projekt and DRM-free digital games store GOG, acquires 100% ownership of GOG from CD Projekt and signs a distribution deal  —  A-GOG.  —  Michał Kiciński, co-founder of CD Projekt, has acquired 100 percent ownership of GOG, the DRM-free digital games store.
Financial Times:
UK-based Octopus Energy reaches a deal to sell about $1B of equity in Kraken Technologies, its tech spin-off, at an $8.65B valuation to a syndicate of investors  —  Investors including D1 Capital Partners, Fidelity and Ontario Teachers' Pension Plan to purchase $1bn in equity
Natallie Rocha / New York Times:
Sources, PitchBook data, and news reports: the founders of Perplexity, Figure AI, Safe Superintelligence, Harvey, and others joined the nine-figure club in 2025  —  Just like past tech booms, the latest frenzy has produced a group of billionaires — at least on paper — from smaller start-ups.
Bloomberg:
Fast delivery apps like Blinkit, Zepto, and Swiggy are expanding into India's Tier 2 and Tier 3 cities, driven by rising incomes and cheap smartphones and data  —  Cheap data, new logistics and mobile-first platforms are expanding consumption far beyond India's urban elite.
Calder McHugh / Politico:
A look at the rift in the Democratic party over AI and data centers, as pro-business Democrats oppose the fiery, anti-AI politics of the progressive wing  —  It's become a common occurrence: Michigan Gov. Gretchen Whitmer posts a light-hearted video on social media.

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Earlier Picks

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Arsheeya Bajwa / Reuters:
Emma Roth / The Verge: