ByteDance, the parent company of TikTok, is reported to be in preliminary talks with banks about borrowing roughly $20 billion offshore, according to people familiar with the matter. The discussions are described as early-stage, and details such as the final size, lender group, terms, and timing have not been provided. If the borrowing proceeds, it would be the company’s largest offshore loan to date. The report places the potential fundraising in the context of ByteDance increasing investments related to artificial intelligence. One outlet notes the proposed size and characterizes the effort as an offshore borrowing, while another describes it as the company’s largest-ever such loan and links it to its AI investment push. Neither source indicates that a deal has been finalized. The reporting relies on information from individuals familiar with the discussions, and it remains unclear how the final outcome compares with the reported figure or whether other financing options are being considered.