Funding Alert: Manus Raises $500M+ in First Independent Round
Manus's parent Butterfly Effect closed its first independent funding round at over $500M, co-led by Boyu Capital and IDG Capital, with Tencent, HSG, and ZhenFund following on. The signal: a regulator blocking a cross-border acquisition doesn't mean capital walks away — if the underlying revenue is real, investors will treat a forced split as a re-pricing opportunity.