ByteDance Gets $30 Billion Loan, Asia’s Second-Largest This Year
ByteDance Ltd., the developer of TikTok, has secured a $29.6 billion loan, according to people familiar with the matter, in Asia’s second-largest dollar-denominated borrowing this year.The Chinese tech giant, which is on the forefront of developing artificial intelligence technology, was originally seeking a $20 billionBloomberg Terminal facility, but increased the size after gathering strong commitments from banks, said the people, who asked not to be identified discussing private matters. Proc...
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