ByteDance Secures Record $10.8 Billion Loan Amid U.S. Scrutiny and AI Expansion
ByteDance Ltd., the Chinese parent company of TikTok, is poised to secure a $10.8 billion loan, potentially marking the largest dollar-denominated corporate facility in Asia, excluding Japan. This financing deal involves around 20 lenders, including both international and Chinese banks, according to sources familiar with the matter.
The loan