SM Entertainment, the K-pop powerhouse behind aespa and SHINee, will join forces with Tencent Music Entertainment to launch a Chinese idol group within the next three years under a new agreement ...

As SM Entertainment rides the Hallyu WayV into the Chinese market, the K-pop giant announced a partnership with one of the region’s biggest players: Tencent Music Entertainment.

Tencent Music Entertainment Group, Tencent’s online music arm, will purchase Hybe’s 2.2 million shares in SM Entertainment for 243 billion won ($176.6 million), according to a Hybe corporate ...

SEOUL, May 28 (Reuters) - China's Tencent Music , opens new tab, is expected to become the second-largest shareholder of major K-pop agency SM Entertainment , opens new tab, according to a South ...

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

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 ...

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, the group behind K-pop superstars BTS, said Tuesday that it will sell its remaining stake in competitor SM Entertainment to Tencent's music unit. Hybe has a nearly 10% stake in SM Entertainment.

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 ...