60FINANCE
⚡ Markets: ByteDance's successful $30 billion loan demonstrates strong access to capital, enabling it to intensify competition with major US tech firms in social media and e-commerce.METAGOOGL
TikTok's parent company, ByteDance, has secured a $30 billion loan facility. The deal is the second-largest of its kind in Asia this year and provides the Chinese tech giant with a substantial capital reserve for expansion and competition against its US rivals.
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