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 of China is acquiring a 9.7% stake in listed South Korean music firm SM Entertainment Co. from K-pop agency Hybe for around $177 million, according to a securities disclosure. Why it matters: ...

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 ...

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

China, which has never officially acknowledged the ban, has more confidence in its own entertainment now and is looking to ...

Chinese tech giant Tencent is taking a slice of a South Korean entertainment group behind a string of K-pop groups, buying shares in the company from a rival talent agency. Hybe, the group behind ...

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

BEIJING] Tencent Holdings is studying a potential deal for Nexon, as the Chinese Internet giant looks for ways to bolster its ...

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.

A Tencent Holdings Ltd. subsidiary is snapping up a nearly 10% stake in SM Entertainment Co. Ltd. valued at about $180 million, marking a rare Chinese investment into a South Korean company in ...