Spacetime is a 4D geometric construct on which general relativity is performed. This object bends and curves and twists in such a way that we can predict how things in the Real World behave. How it bends it dependent on the [Stress Energy Tensor](https://en.m.wikipedia.org/wiki/Stress–energy_tensor) which accounts for mass (mostly mass), pressure, velocity, etc.
Whether it actually bends depends on your model. For instance in theories of quantum gravity (note that such a theory does not *currently* exist in a complete form but it is assumed that this is the next big step in quantum physics) **gravity is not described as a bending of spacetime** however the actual effects would be the same.
Latest Answers