China state firms invest in TikTok sibling, Weibo chat app

The Chinese government has made investments in two of the nation's most significant technology firms—ByteDance, the Chinese company that owns global video app TikTok, and Weibo, China's version of Twitter—in a move apparently intended to bolster its sway over the nation's flourishing technology sector.

Newspaleti Newspaleti
Aug 18, 2021 - 22:00
China state firms invest in TikTok sibling, Weibo chat app
The Chinese government has made investments in two of the nation's most significant technology firms—ByteDance, the Chinese company that owns global video app TikTok, and Weibo, China's version of Twitter—in a move apparently intended to bolster its sway over the nation's flourishing technology sector.
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