ByteDance has secured a $29.6 billion unsecured syndicated loan coordinated by Citigroup and JPMorgan, expanding the facility from an initial $20 billion target after demand exceeded $30 billion. Nearly 30 banks from China, the United States, Europe and Singapore participated, with Chinese lenders receiving more than 60% of allocations. The three-year facility includes options for two additional years and is intended to support overseas artificial-intelligence infrastructure, including data-center capacity in Southeast Asia, despite being presented to lenders as general corporate funding. The financing follows heavy AI investment across the sector and comes as ByteDance expands Doubao and other AI services while facing tighter Chinese oversight, US chip restrictions and potential limits on overseas access to advanced domestic AI models.