WeChat-Owner Tencent Seeks $6 Billion Loan After Deals
- Loan would be biggest of its kind for China firm since 2019
- News comes as rival Alibaba looks to raise money in bond sale
The Tencent Holding Ltd. logo at the company's Tencent Binhai Mansion in Shenzhen, China
Photographer: Yan Cong/BloombergThis article is for subscribers only.
Tencent Holdings Ltd., the creator of the messaging platform WeChat, is in talks with banks for a $6 billion loan, according to people familiar with the matter.
That would be the biggest dollar loan syndicated in Asia for a Chinese firm since 2019, according to data compiled by Bloomberg. It would also mark a flurry of potential debt financings by tech giants after people familiar said earlier this month that rival Alibaba Group Holding Ltd. was looking to sell up to $8 billion of bonds.