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Aggregated China Business Blogs
Alibaba To Acquire 4% Of Korea's S.M. Entertainment For $30M
Aggregated Source: China Money Network
Alibaba Group Holding Ltd. has agreed to acquire approximately 4% of South Korea’s entertainment agency S.M. Entertainment for around US$30 million via new share subscriptions, says a company statement. The investment is part of a broader strategic partnership between the two parties. Alibaba's music division, Ali Music Group, and S.M. Entertainment plan to work together […]

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