Hybe has officially moved to sell its remaining SM Entertainment stake – encompassing almost 10% of the rival K-pop agency – to Tencent for north of $175 million. The Big Hit parent disclosed ...

HYBE stock was up this week amid talk of a BTS reunion, while Chinese streamers Cloud Music and Tencent Music added to their 2025 gains.

HYBE disclosed the sale of its remaining 9.38% stake in SM Entertainment to Tencent Music Entertainment, a subsidiary of Chinese tech giant Tencent.

HYBE has sold its remaining 9.38% stake in rival K-pop powerhouse SM Entertainment to Tencent Music Entertainment for approximately $177 million.

Tencent Music Entertainment Group, Tencent’s online music arm, will purchase Hybe’s 2.2 million shares in SM Entertainment for 243 billion won ($176.6 million), according to a Hybe corporate ...

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

South Korea's Hybe said in a regulatory filing that it plans to sell its 2.2 million shares in SM Entertainment to Tencent Music Entertainment for 243 billion won ($177 million) on May 30.

In a significant reshuffling of K-pop industry stakes, HYBE has officially ended its two-year-long investment in SM Entertainment by selling its remaining shares to Tencent Music Entertainment.

HYBE has sold its remaining 9.38% stake in rival SM Entertainment to Tencent Music Entertainment for approximately $177 million, the company revealed in regulatory filing.

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.

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.