China state firms invest in TikTok sibling, Weibo chat app China appears to be taking greater control of ByteDance, the Chinese company that owns global video app TikTok, and Weibo, China's version of Twitter By TALI ARBEL and ZEN SOO Associated Press August 18, 2021, 8:18 PM • 4 min read Share to Facebook Share to Twitter Email this article 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…