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: ...

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

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

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 ...

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

For Tencent, it represents a low cost, low risk entry into a global growth trend. The share prices of the four largest K-pop entertainment groups, SM, YG, JYP and Hybe have gained more than 30 per ...

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.