China state firms invest in TikTok sibling, Weibo chat app By: Tali Arbel And Zen Soo, The Associated Press Posted: 3:21 PM CDT Wednesday, Aug. 18, 2021 Last Modified: 4:25 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. FILE - This Monday, Sept. 28, 2020, file photo, shows the TikTok logo on a smartphone in Tokyo. The Chinese government has...