The Chinese government has reportedly taken stakes in ByteDance and Weibo as its hold on tech tightens

Business Insider
Aug 17, 2021, 2:33 pm435 pts
AP Photo/Ng Han Guan The Chinese government has acquired a stake in TikTok parent ByteDance and China's Twitter equivalent Weibo as its willingness to assert control over China's tech giants grows. TikTok itself does not appear to be directly implicated, according to a source who spoke to Reuters. The news…

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