Recent rumors surrounding Tencent’s interest in The Finals and The First Descendent publisher Nexon aren’t exactly as they ...

Five consortiums threw their hats into the ring in February 2024, vying for a shot at Thailand’s first new bank licences in ...

A consortium led by SCBX, including Kakao Bank and WeBank, has been picked as one of three operators for the virtual bank.

Tencent has denied media reports that it is pursuing acquisitions of South Korean firms Nexon and Kakao Mobility. The company rejected claims of a USD 15 billion bid for Nexon and a 40% stake purchase ...

Chinese tech giant Tencent denied reports Thursday that it was considering acquiring stakes in Korean firms Nexon and Kakao ...

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

Upon the sale, Tencent Music will hold a 9.7% stake in SM Entertainment, making it the second-largest shareholder of the K-pop agency after billionaire Kim Beom-su’s Kakao and its entertainment ...

He added that since Tencent is investing in both Kakao and SME, various synergies can be expected from future opportunities in the Chinese market, raising the target price from 150,000 won to ...

Tencent’s move came as China was widely expected to lift its nearly decade-old unofficial ban on K-pop ... It owns a 4.3% stake in YG Entertainment Inc and a 5.95% holding in Kakao Corp, ...

Through the deal, Tencent Music will become the second-largest effective shareholder in SM Entertainment, following Kakao and Kakao Entertainment, which together hold a 41.5 percent stake.

With this acquisition, following Kakao, Tencent Music is set to become the second-largest shareholder of SM Entertainment, an agency of Kpop groups like EXO, Red Velvet, aespa, and more.

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 ...