Tencent Music Buys $177 Million Stake In K-Pop Giant SM Entertainment

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Tencent Music Buys $177 Million Stake In K-Pop Giant SM Entertainment

//media-entertainment.news-articles.net/content/ .. llion-stake-in-k-pop-giant-sm-entertainment.html

Published in Media and Entertainment on Wednesday, May 28th 2025 at 15:04 GMT by Forbes
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

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 has acquired a 17.7% stake in SM Entertainment, a leading K-pop agency, for approximately $177 million, as reported by Forbes on May 28, 2025. This investment is part of Tencent's strategy to expand its influence in the global music industry, particularly in the lucrative K-pop market. SM Entertainment, known for managing popular groups like EXO and Red Velvet, will benefit from Tencent's extensive resources and distribution networks in China and beyond. The deal also aims to foster collaborations between artists from both companies, potentially leading to new music and entertainment projects. This move underscores the growing trend of Chinese tech giants investing in South Korean entertainment to tap into the global popularity of K-pop.

Read the Full Forbes Article at:
[ https://www.forbes.com/sites/catzxwang/2025/05/28/tencent-music-buys-177-million-stake-in-k-pop-giant-sm-entertainment/ ]

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