Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Politics › ByteDance seeks $20 billion in its largest-ever offshore...
Politics

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports
Channel News Asia Wednesday 24 June 2026, 05:32 UTC 1 min read
Key Points

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports June 24 : Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has approached banks for a loan that may carry a three-year tenor, with an option to extend it to as long as five years, the report said. ByteDance did not...

ByteDance seeks $20 billion in its largest-ever offshore loan, Bloomberg News reports June 24 : Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News reported on Wednesday, citing people familiar with the matter. The company has approached banks for a loan that may carry a three-year tenor, with an option to extend it to as long as five years, the report said. ByteDance did not immediately respond to a Reuters request for comment. The company is emerging as a major spender on AI infrastructure, ramping up spending and partnerships to secure chips and chip design services.
ByteDance (ORG) Bloomberg News (ORG) Chinese (ORG) TikTok (ORG)
Originally published by Channel News Asia Read original →

Related Stories

South Korea's SK Hynix says to raise $29 billion in US ADR listing

South Korea's SK Hynix says to raise $29 billion in US ADR listing SEOUL, June 24 : South Korea's SK Hynix said on Wednesday it plans to raise 45.45 trillion won ($29.43 billion) via the listing of American Depository receipts (ADR) in the U.S., as it seeks to expand its investor base and production capacity for chips used in artificial intelligence. ($1 = 1,544.1400 won)

Channel News Asia 14m ago

Far-left surge: Mamdani-backed candidates oust Dem establishment incumbents

New York City's socialist Mayor Zohran Mamdani did it again. One year after sending political shock waves across the country with his New York City Democratic primary victory on his way to winning election as mayor of the nation's most populous city, Mamdani tested the limits of his political powers. And he easily passed the test, upending the Democratic Party establishment as a trio of Mamdani-endorsed far-left congressional candidates won their primaries over more moderate incumbents and...

Fox News 21m ago

Far-left surge: Mamdani-backed candidates oust Dem establishment incumbents

New York City's socialist Mayor Zohran Mamdani did it again. One year after sending political shock waves across the country with his New York City Democratic primary victory on his way to winning election as mayor of the nation's most populous city, Mamdani tested the limits of his political powers. And he easily passed the test, upending the Democratic Party establishment as a trio of Mamdani-endorsed far-left congressional candidates won their primaries over more moderate incumbents and...

Fox News Politics 21m ago

NT Labor MLA caught speeding multiple times, years after fatal crash conviction

Territory Labor politician Manuel Brown had his licence suspended for three months last year for multiple speeding infringements. Opposition Leader Selena Uibo says Mr Brown told her about the suspension at the time, but it was not publicly disclosed. When Mr Brown was preselected by Labor to run in the 2023 Arafura by-election, the party also did not disclose that he had been convicted over a fatal crash in 2009.

ABC Australia 29m ago