ByteDance is in early talks for a roughly $20bn offshore loan, nearly double its 2024 record, as AI infrastructure and chip spending climb, Bloomberg reports.

ByteDance is in early talks with banks for a roughly $20 billion offshore loan, nearly doubling its record-setting $10 billion facility from September 2024.

June 24 : Chinese technology company ByteDance, the developer of TikTok, is in preliminary talks with banks for its largest offshore loan of about $20 billion, Bloomberg News…