ByteDance Seeks $20 Billion in Its Largest-Ever Offshore Loan

ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the...

By Sheryl Tian Tong Lee (News), Apple Ka Ying Li, Kari Soo Lindberg · Bloomberg

ByteDance Ltd., the developer of TikTok, is in preliminary talks with banks for a borrowing of about $20 billion, people familiar with the matter said, in what would be the firm’s largest offshore loan yet at a time when it’s boosting investments in artificial intelligence.