The Chinese government has invested in two of the country’s largest generation corporations: ByteDance, the Chinese company that owns the video app TikTok, and Weibo, the Chinese edition of Twitter, with the obvious goal of strengthening its influence in the country’s growing generation sector. . In April, ByteDance sold a 1% stake in its Chinese subsidiary, Beijing ByteDance Technology Co. , to WangTouZhongWen (Beijing) Technology, a state-backed company, according to government records and corporate platform Qichacha. WangTouZhongWen belongs to 3 Chinese state entities, one of which is connected to a fund backed by the China Cyberspace Administration, the country’s internet…