With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major ...

HYBE disclosed the sale of its remaining 9.38% stake in SM Entertainment to Tencent Music Entertainment, a subsidiary of ...

SEOUL >> China’s Tencent is expected to become the second-largest shareholder of major K-Pop agency SM Entertainment, ...

HYBE has sold its remaining 9.38% stake in rival K-pop powerhouse SM Entertainment to Tencent Music Entertainment for ...

K-pop powerhouse Hybe is offloading its entire stake in industry rival SM Entertainment to Tencent, positioning the Chinese ...

Members of girl group Aespa participate in the 95th Annual Macy's Thanksgiving Day Parade on November 25, 2021 in New York ...

Tencent has acquired a 9.7% stake in one of South Korea's largest entertainment companies, SM Entertainment from Hybe.

In a significant reshuffling of K-pop industry stakes, HYBE has officially ended its two-year-long investment in SM ...

Early in 2023, a K-Pop takeover battle was raging as South Korean firms Hybe and Kakao vied to acquire majority stakes in SM Entertainment.

Kakao Entertainment (Kakao) is set to appoint two new non-executive directors. A new appointment from Tencent, a Chinese information technology (IT) corporation that has maintained a friendly ...

The 9.7% stake would make Tencent Music the second-largest shareholder in SM Entertainment, after the 42% controlling stake held by Kakao Corp and affiliate Kakao Entertainment, according to an SM ...

The move comes as China is widely expected to lift its nearly decade-old unofficial ban on K-pop performances in mainland ...