ByteDance Set to Secure Record $9.5 Billion Loan in Asia

Chinese company ByteDance, known for its TikTok app, is planning to secure an impressive $9.5 billion through a new corporate loan. This amount will mark the largest in Asia's corporate loan history, highlighting the growing financial power and ambitions of the company. ByteDance has already begun the process of raising these funds, and interest in their borrowing has significantly increased given the current economic conditions.

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