ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it
The Next Web
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ByteDance secured a $29.6 billion loan, the second-largest in Asia this year, surpassing its 2024 offshore borrowing by nearly three times and at a lower interest rate. The funds will support data center expansion and AI infrastructure amid US export restrictions on advanced chips. This loan reflects strong market demand for ByteDance despite a slow Asian loan market overall.
