TikTok Owner ByteDance Secures a $29.6 Billion Loan — As China’s AI Spending Race Explodes
ABE NEWS | September 4, 2026 The artificial-intelligence race has produced enormous chip orders, gigantic data centres and technology companies spending hundreds of billions of dollars on computing infrastructure. Now it is producing something else: enormous amounts of debt. ByteDance, the Chinese technology giant behind TikTok and Douyin, has secured a staggering $29.6 billion…