ByteDance in talks with banks to borrow more than $3bn

At the start of this year, ByteDance began exploring the possibility of a public listing. (File/AFP)
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Updated 08 September 2021
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ByteDance in talks with banks to borrow more than $3bn

  • TikTok’s parent company holds Wall Street discussions over refinancing debt

Riyadh: Internet company ByteDance, the Chinese owner of short-form video platform TikTok, is in talks with Wall Street banks to borrow more than $3 billion to refinance its debt.

Sources revealed that the firm plans to take advantage of current low interest rates to repay its debt, and the terms and loan size are still subject to changes.

ByteDance declined to comment on the claims but technology news website The Information reported that the company and the banks discussed raising between $4 billion and $5 billion to refinance debt and fund overseas expansion.

At the start of this year, ByteDance began exploring the possibility of a public listing, sources told Reuters, but in April the firm said it had no imminent plans for an initial public offering.

In 2019, ByteDance secured a loan of around $1.3 billion, which will mature in April next year, from a syndicate of 12 banks including Goldman Sachs, JP Morgan, Morgan Stanley, UBS, Citi, Bank of China, and China Merchants Bank, according to data provider Dealogic.


Jailed French journalist files appeal in Algeria’s top court: lawyers

Updated 15 December 2025
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Jailed French journalist files appeal in Algeria’s top court: lawyers

  • Gleizes was arrested in May 2024 after traveling to Tizi Ouzou in northeastern Algeria’s Kabylia region — home to the Amazigh Kabyle people — to write about the country’s most decorated football club, Jeunesse Sportive de Kabylie

ALGIERS: French journalist Christophe Gleizes, sentenced to seven years behind bars in Algeria on terror-related charges, has filed an appeal seeking a new trial with the country’s highest court, his lawyers said Sunday.
“Christophe Gleizes registered an appeal at (the court of) Cassation” on Sunday, the deadline for filing, his French lawyer Emmanuel Daoud told AFP in a message, declining to comment further.
Gleizes’ Algerian lawyer Amirouche Bakouri made a similar announcement on Facebook.
Earlier this month, an Algerian appeals court upheld the seven-year prison term for the sportswriter, who was first convicted of “glorifying terrorism” in June.
Gleizes was arrested in May 2024 after traveling to Tizi Ouzou in northeastern Algeria’s Kabylia region — home to the Amazigh Kabyle people — to write about the country’s most decorated football club, Jeunesse Sportive de Kabylie.
In 2021, he had met in Paris with the head of the Movement for the Self-Determination of Kabylie (MAK), a foreign-based group designated a terrorist organization by Algiers earlier that year.
At this month’s appeal hearing, Gleizes had said he did not know the MAK had been listed as a terrorist organization, and asked the court’s forgiveness for his “journalistic mistakes.”
The court’s decision to uphold his sentence was denounced by the rights group Reporters Without Borders (RSF), as well as the French government.
Gleizes’s jailing comes at a time of diplomatic friction between Paris and Algiers that began last year when France officially backed Moroccan sovereignty over the disputed Western Sahara region, where Algeria backs the pro-independence Polisario Front.
He is currently France’s only journalist imprisoned abroad, according to RSF, and French President Emmanuel Macron has vowed to work toward his release.

Mother makes plea

The mother of the jailed journalist Christophe Gleizes wrote a letter to Algeria’s president requesting he pardon her son from his seven-year sentence on terror-related charges.
“I respectfully ask you to consider granting Christophe a pardon, so that he may regain his freedom and his family,” Sylvie Godard wrote in the letter, which was dated December 10 and seen by AFP on Monday.
“Nowhere in any of his writings will you find any trace of statements hostile to Algeria and its people,” she wrote in her letter to President Abdelmadjid Tebboune.