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ByteDance Seeks Overseas Loan of $20 Billion, Insider Sources Report
11 hour ago /
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Author：小编
Individuals with insider knowledge of the situation have disclosed that ByteDance is currently engaged in initial talks with multiple banks about securing an overseas loan in the ballpark of $20 billion (equivalent to roughly RMB 136.008 billion). This would mark ByteDance's most substantial offshore financing endeavor thus far. The initial loan period is set at three years, with the possibility of an extension that could stretch it to a total of five years. ByteDance is ramping up its investment in the realm of artificial intelligence, and the proceeds from this loan are earmarked to fuel its growth in AI and cloud computing sectors.
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