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

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

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 generation startups is in talks to download a mortgage from banks which are hoping to win a task on its coveted preliminary public providing later, in accordance to other folks accustomed to the subject.

The startup, Beijing-based Bytedance Ltd., which owns a well-liked Chinese news-aggregation app known as Jinri Toutiao, is in talks to borrow up to $1.five billion from a grab of Wall Street banks founded in each the U.S. and Europe, the folk stated.

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