HONG KONG: Bytedance Ltd, China’s most valuable startup, has secured a US$1.335bil syndicated loan from a group dominated by Wall Street banks, according to people familiar with the matter.
Morgan Stanley and Goldman Sachs Group Inc led the deal alongside Bank of China Ltd and CMB Wing Lung Bank Ltd, said the people who are not authorized to speak publicly and asked not to be identified.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!