ByteDance plans to loan 2 billion US dollars to the bank

A person familiar with the matter said that ByteDance is currently in negotiations with banks and plans to loan about $ 2 billion. As TikTok’s overseas version of TikTok challenges Facebook and Snapchat in the United States and other regions, this loan will provide financial support for ByteDance. At present, ByteDance has invested a lot of money in marketing and recruited more talents worldwide.

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