Manus is seeking $500 million at a valuation of about $4 billion after resuming independent operations following China's National Development and Reform Commission order to unwind Meta Platforms' acquisition. Potential investors include IDG Capital, Boyu Capital and Contemporary Amperex Technology, while Tencent, HSG and ZhenFund are also considering participation. The Singapore-based company is exploring a restructuring that could support a Hong Kong IPO, although discussions remain at an early stage. The separation required Manus founders and early backers to repurchase Meta's shares at a valuation of about $2 billion, making Tencent the company's biggest outside investor. Manus develops AI agents for complex tasks and uses open-weight models and post-training techniques to improve its products.