Chinese private equity firm with princeling-linked reputation
Starbucks has opened two stores in Urumqi, Xinjiang, drawing sustained criticism from US lawmakers and human-rights groups over the region’s governance and alleged abuses. The openings are part of a broader push into Xinjiang’s tourism-driven economy, drawing mixed reactions from international observers.
Manus-related funding has surged, led by Boyu Capital and IDG Capital, with strategic follow-ons from Tencent, HSG and ZhenFund. Manus has resumed independent operations after its split from Meta, pursuing global growth and a potential Hong Kong listing, while market appetite for AI agents remains strong amid regulatory concerns in China.