ByteDance raises 2026 capex to roughly 200B yuan (~$30B), a 25% jump (SCMP); Bloomberg reports company weighing spending as high as $70B
ByteDance (TikTok parent) has raised its 2026 capex to ~200B yuan (~$30B), a 25% jump from a 160B yuan target, per South China Morning Post. Bloomberg separately reports the company is weighing spending as high as $70B. Source: SCMP, Bloomberg.
ByteDance, the parent of TikTok and Douyin, is significantly increasing its 2026 capital spending to expand data centers and AI infrastructure. According to South China Morning Post sources, the company has raised its 2026 capex target to roughly 200 billion yuan, or approximately $30 billion, marking a 25% increase from a previous 160 billion yuan target. Bloomberg separately reports that ByteDance is weighing total 2026 capex of as much as $70 billion, with the higher figure representing an estimate under internal discussion rather than a confirmed budget. The company will underwrite much of the spending through the approximately $50 billion in profit it earned in 2025, according to the reporting. Source: South China Morning Post, Bloomberg, May 27, 2026.