China's Tencent Music , is expected to become the second-largest shareholder of major K-pop agency SM Entertainment , according to a South Korean filing on Tuesday.

China tech investors weary of the nation’s relentless price competition can look to one pocket that’s thriving by moving in ...

With a 9.7% stake, Tencent’s online music arm will become the second-largest shareholder of SM Entertainment, known for major K-pop acts such as Aespa and NCT. Tencent Music Entertainment Group ...

Under the memorandum of understanding (MOU), SM Entertainment will recruit and train the new members of the group, as well as oversee music production, the agency said the same day. Tencent is in ...

South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.

HYBE stock was up this week amid talk of a BTS reunion, while Chinese streamers Cloud Music and Tencent Music added to their ...

Tencent Music becomes the second-largest shareholder in SME, after Kakao. By Marc Schneider Industry News Editor HYBE has disclosed the sale of its remaining 9.38% stake in rival SM Entertainment ...

The deal could help Tencent secure long-term control over popular intellectual property and expand its presence in the South ...

HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing. The SM agency is home to ...

SEOUL >> China’s Tencent is expected to become the second-largest shareholder of major K-Pop agency SM Entertainment, according to a South Korean filing on Tuesday.

Tencent Music Entertainment Group, which is controlled by Tencent, will buy the stake from BTS-agency Hybe Co Ltd., which is selling its remaining 2.2 million shares in SM Entertainment at 110,000 ...