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K-pop, Tencent and SM Entertainment

Tencent Music to become second-largest shareholder in K-pop agency SM Entertainment

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. South Korea's Hybe said in a regulatory filing that it plans to sell its 2.

MarketWatch · 20h

Tencent Expands K-Pop Portfolio With Stake in Korean Entertainment Firm

In a regulatory filing, Hybe said that it will sell more than 2.2 million shares in SM Entertainment to Tencent Music for approximately 243.35 billion won, equivalent to $177.7 million. The shares are priced at 110,000 won each, about 15% lower than the last closing price.

Music Business Worldwide · 20h

HYBE is selling its entire stake in K-Pop rival SM Entertainment to Tencent Music for nearly $180m

Members of girl group Aespa participate in the 95th Annual Macy's Thanksgiving Day Parade on November 25, 2021 in New York City.

Seeking Alpha7mon

Many Things To Like About Tencent Music Entertainment

Online music services revenue accounted for over three quarters or 76% of Tencent Music Entertainment's latest quarterly top line as disclosed in the company's Q2 2024 earnings release.

Business Insider2y

Tencent Music Entertainment Group Introduces TME UNI Chart on Billboard to Promote Chinese Music in Global Markets

SHENZHEN, China, Feb. 8, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME," or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment ...

Wall Street Journal2y

Tencent Music Entertainment Has Muted Debut in Hong Kong

Tencent Music Entertainment Group made a muted debut in Hong Kong as the music-streaming platform became the latest U.S.-listed Chinese company to have its shares traded closer to home.

The Motley Fool2mon

Why Tencent Music Entertainment Group Was Music to Investor Ears This Week

This was the final earnings release for Tencent Music's 2024, and it covered both the fourth quarter and the entirety of the year. The company's total revenue amounted to 7.46 billion yuan ($1.03 ...

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