Wall Street Banks Line Up to Lend to Bytedance, One of China’s Hottest Startups

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One of China’s fastest-growing technology startups is in talks to obtain a loan from banks that are hoping to win a role on its coveted initial public offering later, according to people familiar with the matter.

The startup, Beijing-based Bytedance Ltd., which owns a popular Chinese news-aggregation app called Jinri Toutiao, is in talks to borrow as much as $1.5 billion from a clutch of Wall Street banks based in both the U.S. and Europe, the people said.



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