AIMPACT update, April 29 (UTC+8): According to monitoring by Beating, Chen Tianqiao, founder of Shanda Group, has implemented a full operational separation between the U.S. and China divisions of his AI company, MiroMind: prohibiting cross-border sharing of information or code, minimizing personnel, data, and asset transfers, and ensuring each regional operation is managed independently by local teams. Chen stated this decision was directly influenced by the Manus acquisition controversy. The trigger was Beijing’s regulatory review following Meta’s proposed acquisition of Manus; in March, regulators contacted Chen’s team and warned against unilaterally transferring technology overseas. Chen told Bloomberg Businessweek that the issue was resolved after he presented his internal firewall plan, but he still proceeded with the separation reform after announcing the suspension of Meta’s acquisition on Monday in Beijing. Chen’s exact words: “Previously, I believed we could bring together Chinese and global talent to contribute to humanity’s future. But after the Manus incident, we had no choice but to implement a full firewall.” “This approach feels like cutting off our own hands and feet, but under today’s regulatory environment, it is a necessary compromise.” “The international landscape is extremely complex—companies effectively have no choice but to pick a side.” Chen has invested $100 million in MiroMind, drawn from Shanda Group’s committed $2 billion total investment in “discoverable AI.” The company currently employs over 60 scientists across Singapore, Tokyo, and Seattle, and plans to launch its first external funding round in the second half of this year. Previously, key scientist Dai Jifeng, associate professor at Tsinghua University, left MiroMind; the two sides offer conflicting accounts regarding the reason for his departure. Chen Tianqiao was among China’s earliest tech founders to benefit from U.S. capital. Shanda raised $152 million in its 2004 NASDAQ IPO, making Chen a billionaire at age 30. He has lived abroad for 16 years—first in Singapore, then relocating to California. For today’s Chinese AI entrepreneurs, this path is becoming increasingly difficult. (Source: BlockBeats)
Chen Tianqiao Enacts China-US Firewall for MiroMind Following Manus Acquisition Controversy
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Summary
Chen Tianqiao has established a China-U.S. firewall for MiroMind following Meta’s Manus deal raising CFT concerns in Beijing. The founder of Shanda Group confirmed that no cross-border code or data sharing will take place. MiroMind, backed by $100 million from Shanda’s $2 billion AI initiative, plans its first external fundraising in late 2026. The move reflects increased scrutiny on risk-on assets in the global tech sector.
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