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China state firms invest in TikTok sibling, Weibo chat app | NEWS10 ABC

Source: news10.com news10.com
News Snapshot:

FILE – This Monday, Sept. 28, 2020, file photo, shows the TikTok logo on a smartphone in Tokyo. 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. (AP Photo/Kiichiro Sato, File) 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…

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