--- title: ByteDance raises $29.6bn, Asia’s second-biggest loan... description: ByteDance has secured a $29.6bn syndicated loan, Asia's second-largest this year after SoftBank's $40bn OpenAI-linked bridge facility, with Citigroup and... canonical: https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it | daily.dev og:description: ByteDance has secured a $29.6bn syndicated loan, Asia's second-largest this year after SoftBank's $40bn OpenAI-linked bridge facility, with Citigroup and... og:url: https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv og:image: https://api.daily.dev/og/posts/qlZMO8Ejv.png og:image:alt: ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it **[The Next Web](https://daily.dev/sources/tnw)** · 4 min read · 0 upvotes · 0 comments ## Summary ByteDance has secured a $29.6bn syndicated loan, Asia's second-largest this year after SoftBank's $40bn OpenAI-linked bridge facility, with Citigroup and JPMorgan coordinating a three-year deal extendable to five. The pricing, 68 basis points over SOFR, is lower than the 85 bps it paid in 2024 despite borrowing nearly three times as much, reflecting lender confidence in TikTok and Douyin revenue as collateral. Proceeds are earmarked for AI data centre buildout, with ByteDance weighing up to $70bn a year in capex while working around US export controls on Nvidia chips by using custom Arm/RISC-V silicon and Qualcomm inference parts. The company also pays over $1bn a year to run OpenAI models via Microsoft Azure while building domestic hardware to reduce that dependence. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Questions this post answers ### How much did ByteDance borrow in its latest offshore loan and how does the pricing compare to its 2024 facility? ByteDance secured a $29.6bn loan, Asia's second-largest this year, at an opening margin of 68 basis points over SOFR. That is down from the 85 basis points it paid on its 2024 offshore facility of $10.8bn, meaning it borrowed roughly three times as much money at a materially lower price, coordinated by Citigroup and JPMorgan over a three-year term extendable to five. _daily.dev tracks stories like ByteDance's AI infrastructure financing for engineers following the compute buildout race._ ### How is ByteDance building AI data centre capacity while facing US export controls on Nvidia chips? ByteDance is working around restricted access to Nvidia's advanced chips by relying on custom silicon built on Arm and RISC-V architectures, Qualcomm inference parts, and domestic Chinese suppliers. This approach makes assembling the same amount of compute more expensive, part of a capital plan that could reach up to $70bn a year as it expands a data centre cluster in Inner Mongolia and trains a ten-trillion-parameter model. _engineers weighing chip and infrastructure constraints for AI workloads can follow this buildout on daily.dev._ ## Similar posts on daily.dev - [ByteDance seeks a record $20bn offshore loan to fund its AI build-out](https://daily.dev/posts/bytedance-seeks-a-record-20bn-offshore-loan-to-fund-its-ai-build-out-fob3tyglq) · The Next Web · 0 upvotes · 0 comments - [ByteDance tops China’s AI revenue at $4bn, folds Lark into Doubao](https://daily.dev/posts/bytedance-tops-china-s-ai-revenue-at-4bn-folds-lark-into-doubao-zxqwyuic3) · The Next Web · 0 upvotes · 0 comments - [SoftBank seeks $10B margin loan backed by OpenAI shares at SOFR\+425bps as leverage stack deepens](https://daily.dev/posts/softbank-seeks-10b-margin-loan-backed-by-openai-shares-at-sofr-425bps-as-leverage-stack-deepens-ncthgxpho) · The Next Web · 3 upvotes · 0 comments - [SoftBank seeks a second $10bn loan against its OpenAI stake](https://daily.dev/posts/softbank-seeks-a-second-10bn-loan-against-its-openai-stake-nacepl1rl) · The Next Web · 0 upvotes · 0 comments - [Eight banks now backing SoftBank’s record $40 billion OpenAI loan](https://daily.dev/posts/eight-banks-now-backing-softbank-s-record-40-billion-openai-loan-qgbyvsxij) · The Next Web · 0 upvotes · 1 comments --- Tags: [#openai](https://daily.dev/tags/openai), [#nvidia](https://daily.dev/tags/nvidia), [#ai-infrastructure](https://daily.dev/tags/ai-infrastructure) [View this post on daily.dev](https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it","url":"https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv"},"datePublished":"2026-09-03T09:03:27.788Z","dateModified":"2026-09-03T10:08:02.394Z","description":"ByteDance has secured a $29.6bn syndicated loan, Asia's second-largest this year after SoftBank's $40bn OpenAI-linked bridge facility, with Citigroup and...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/7400e6a86938588a051d0dd5582b006a?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/7400e6a86938588a051d0dd5582b006a?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"The Next Web","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"The Next Web","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tnw","url":"https://daily.dev/sources/tnw"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"openai,nvidia,ai-infrastructure","timeRequired":"PT4M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"The Next Web","item":"https://daily.dev/sources/tnw"},{"@type":"ListItem","position":3,"name":"ByteDance raises $29.6bn, Asia’s second-biggest loan this year, and pays less for it"}]} {"@context":"https://schema.org","@type":"FAQPage","@id":"https://daily.dev/posts/bytedance-raises-29-6bn-asia-s-second-biggest-loan-this-year-and-pays-less-for-it-qlzmo8ejv#faq","mainEntity":[{"@type":"Question","name":"How much did ByteDance borrow in its latest offshore loan and how does the pricing compare to its 2024 facility?","acceptedAnswer":{"@type":"Answer","text":"ByteDance secured a $29.6bn loan, Asia's second-largest this year, at an opening margin of 68 basis points over SOFR. That is down from the 85 basis points it paid on its 2024 offshore facility of $10.8bn, meaning it borrowed roughly three times as much money at a materially lower price, coordinated by Citigroup and JPMorgan over a three-year term extendable to five. daily.dev tracks stories like ByteDance's AI infrastructure financing for engineers following the compute buildout race."}},{"@type":"Question","name":"How is ByteDance building AI data centre capacity while facing US export controls on Nvidia chips?","acceptedAnswer":{"@type":"Answer","text":"ByteDance is working around restricted access to Nvidia's advanced chips by relying on custom silicon built on Arm and RISC-V architectures, Qualcomm inference parts, and domestic Chinese suppliers. 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