Tencent, ZhenFund, Sequoia China and other investors spent $2 billion to repurchase Manus shares from Meta.
According to monitoring by Beating and a Caixin report, former major shareholders of Manus including Tencent, ZhenFund and Sequoia China have repurchased Manus shares from Meta for $2 billion. The $2 billion transaction price is close to the acquisition price announced by U.S. social media tech giant Meta in December 2025. Benchmark, Manus’ largest shareholder prior to its acquisition, will not participate in this repurchase. Benchmark’s former stake will be acquired by Tencent, which will become Manus’ largest shareholder. Manus is currently operating normally. The company announced yesterday that it will resume independent operations. To complete this transition and meet regulatory requirements in some jurisdictions, affected users must complete data backup by 7:59 a.m. Singapore time on August 23, and start data recovery from 8:00 a.m. on August 25 to ensure normal subsequent use. Manus also stated that it is preparing a series of new features to further expand the capabilities of its general-purpose AI agents, and expressed full confidence in the company’s prospects after resuming independent operations.
9 minutes ago
MiniMax will be added to the HKEX Tech 100 Index and other indices today, lifting Hong Kong-listed AI stocks at the start of trading.
According to Bitget market data, AI stocks on Hong Kong's stock market rallied at the opening, with Zhipu AI and MiniMax surging nearly 7% and 5% respectively. Haizhi Technology Group jumped 12.50%, Zhongke Wenge rose 4.74%, and Biren Technology gained 4.76%. Earlier, the Hong Kong Stock Exchange (HKEX) announced that MiniMax has met the fast-track inclusion rules for the HKEX Tech 100 Index, and will be added to both the HKEX Tech 100 Index and the HKEX Tech & US Tech 100 Index after today's market close, with the inclusion taking effect on August 13, 2026.
9 minutes ago
Sui officials announced the launch of Tessera, a B2B enterprise settlement network.
Sui has officially launched Tessera, its new B2B enterprise settlement network built on Seal MPC and Sui’s private transfer technology. Designed to address transaction amount privacy issues, the solution allows enterprises to complete settlements confidentially while still meeting regulatory and audit requirements when needed. The network’s code is now open-source. Operators retain the management capabilities required for the enterprise alliance, including member onboarding, fund allocation, member freezing, and full network suspension. Tessera supports both one-time transfers and recurring payments. In the event of transaction disputes, cases can be submitted to arbitrators for resolution.
9 minutes ago
Robinhood Chain has seen on-chain capital shift from fluid to stagnant, with daily trading volume hitting a record high of 11.6 million transactions, while the number of active addresses has stagnated over the same period.
Robinhood Chain hit a historical network high of 11.6 million average daily transactions last week, up roughly 30% from the prior week; its total value locked (TVL) climbed to $473 million, a 32% week-over-week increase. However, average daily active addresses only rose 3.3% week-over-week, remaining 11% below its July 16 peak—though active addresses saw a brief spike on Thursday due to the launch of Cashcat meme coin spot trading on the Robinhood app, the weekly average barely shifted. The rapid growth in trading volume and TVL stands in stark contrast to stagnant user growth, indicating on-chain activity is now driven by the same users trading more frequently rather than attracting new participants. This trend is further confirmed by changes to Robinhood Chain’s stablecoin composition: Ethena’s yield-bearing synthetic dollar USDe now totals $253 million on the chain, accounting for ~43% of the chain’s total stablecoin supply, up from just $17 million a month ago when Robinhood’s native stablecoin USDG dominated. The network’s dollar base is shifting from a medium of exchange to yield-bearing synthetic dollars, signaling capital is being parked rather than circulated.
9 minutes ago
Crypto asset management firm Bitwise has laid off approximately 14% of its staff, bringing its employee count down to 155.
Crypto asset management firm Bitwise has cut approximately 14% of its workforce, bringing its employee count down from around 180 to 155. CEO Hunter Horsley noted that even after the layoffs, Bitwise’s staff size remains the largest in its eight-year history, and the company anticipates continued growth as cryptocurrencies integrate into the global economy.
9 minutes ago
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