SM Entertainment Forms China Joint Venture with Tencent Music
4 Articles
4 Articles
(Seoul = Yonhap News) Reporter Kim Sun-woo = SM Entertainment (hereinafter SM) announced on the 27th that it has established a joint venture, STE, with Tencent Music Entertainment Group (hereinafter TME)...
[OSEN=Ji Min-kyung] SM Entertainment is accelerating its expansion into the Greater China market by partnering with Tencent Music Entertainment Group (TME). On the 27th, SM announced the official launch of STE, a joint venture with TME, in Beijing, China, and the appointment of Zhou Mi, formerly of Super Junior-M, as the new CEO. The establishment of this joint venture was realized based on the Memorandum of Understanding (MOU) signed by both co…
SM Entertainment and China's Tencent Music form Joint Venture Label STE with Zhoumi at the Helm
SM Entertainment joins forces with Tencent Music Entertainment Group to create a new Beijing-based company, named SMTME Entertainment (STE), that will develop and manage Chinese artists.Zhoumi, a member of Super Junior-M, Super Junior's China-based unit, has been appointed chief executive (CEO) of the venture.SM said the partnership followed a memorandum of understanding signed with Tencent Music Entertainment in May in a move aimed at stepping …
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