Technology

ByteDance is in talks for US$4B in loans as IPO wavers

ByteDance is in talks for US$4B in loans as IPO wavers

ByteDance Ltd. is in discussions for about US$4 billion in bank loans, according to a person familiar with the matter, as a crackdown on China’s internet sector casts doubt over the timing of its much-anticipated initial public offering. The TikTok and Douyin owner is in talks with several lenders on a syndicated loan of roughly US$4 billion although that’s not finalized.

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