BEIJING—Chinese microblogging website Weibo Corp has taken down an Instagram-like app just three days after its launch and apologized following accusations of plagiarism about the app’s logo, a stumble in efforts to find new sources of growth.
Weibo, launched by Sina Corp in 2009, is one of China’s most established social networking companies, alongside the likes of Tencent Holdings Ltd. But it has been seeking new ways to grow in the face of competition from startups, including short video apps Douyin and Kuaishou.
