SHANGHAI, Aug 16 (.) – The Chinese government has taken a stake and a seat on the board of directors of TikTok owner Beijing ByteDance Technology’s key Chinese entity, The Information reported on Monday, citing corporate records and people with knowledge of it. matter. Beijing ByteDance Technology sold a 1% stake in an April 30 deal to WangTouZhongWen (Beijing) Technology, which is owned by three state entities, the news outlet said, citing Tianyancha, an online database of the records. corporations in China. The agreement also allowed the Chinese government to appoint a director to the Beijing ByteDance board of directors,...