Articles for tag: Ambitions, Billion, ByteDance, Evolving, Global, Loan, Seeks

ByteDance Seeks $9.5 Billion Loan Amid Evolving Global Ambitions

ByteDance, the Chinese company behind TikTok, is seeking a $9.5 billion loan, marking the largest dollar loan for a corporation in Asia outside of Japan. Major banks like Citigroup, Goldman Sachs, and JPMorgan are coordinating this effort, which is set for three years with an option to extend. The loan will help refinance a previous ...