Chinese Web Juggernaut Tencent and Weiying Generation Buys Main Stake in YG For $85 Million

Chinese Web Juggernaut Tencent and Weiying Generation Buys Main Stake in YG For $85 Million

Chinese Internet Juggernaut Tencent Buys Major Stake in YG For $85 Million(Photo : YG Entertainment)YG Entertainment has just wona enormous investment from one of China's greatestnet companies.

Tencent, one of the crucialimportantgamers in China's online, mobile, and ticketing market, has invested one hundred billion won ($85 million) into YG Entertainment, houseof a few of K-pop's best stars.

According to YG on Would possibly 27, the agency's CEO Yang Hyun Suk will signal the contract with two high-ranking executives at Tencent. One is Suman Wang, head of video, movie and drama, and the alternative is Ning Lin, founder of Weiying, a ticketing carrier that lately raised $105 million for its IPO.

AdvertisementOnce the contract is signed, Tencent will get keep of $30 million value of YG shares, whilst Weiying will receive $55 million worth of stock. With this deal, the 2 Chinese firms volitionturn out to be the 3rd and fourth largest shareholders in YG Entertainment, protecting 4.5 % and 8.2 percent of overall shares.

YG commented on deal, emphasizing the significance of expanding YG's affect in China, "For the beyond ten years, we've seen a 30 percent building up in sales. Via our partnership with Tencent and Weiying, we can existready to amplify our artist's activities in China and be capable ofhigher meet the wishes of local Chinese fans."

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Girls’ Generation’s Seohyun Is In Talks For Chinese Internet Drama

Girls’ Generation’s Seohyun Is In Talks For Chinese Internet Drama

Girls Generations Seohyun Is In Talks For Chinese Internet Dramaehk38 June 19, 2016 0 Girls Generations Seohyun Is In Talks For Chinese Web Drama Ladies Generations maknae Seohyun is creating her footprint in the Chinese marketplace as an actress.

On June 20, Seohyuns controlfirm SM Entertainment denied reports that Seohyun has been showed for the feminine lead role in a new Chinese web drama.

She has won a casting be offering for the feminine lead role, and we're the in ultimate stages of discussion, SM Entertainment says. She has now not been proven for the drama; theres more discussion left to do.

After that specialize in musicals, Seohyun is slowly spreading her wings back in the massive and small screen. She might be making her movie debut this June with the premiere of So I Married an Anti-fan.

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Girls Generations Taeyeon Stocks  Main points Of Solo Concert With Stunning Poster

Girls Generations Taeyeon Stocks Main points Of Solo Concert With Stunning Poster

Girls’ Generation’s Taeyeon StocksMain points Of Solo Concert With Gorgeous Posterilmare42 Would possibly 24, 2016 0 Girls’ Generation’s Taeyeon Shares Facts Of Solo Concert With Gorgeous Poster Girls’ Generation member Taeyeon has published the dates and places of her upcoming solo concert viaa beautiful new poster!

On May just 25, Taeyeon shared the poster to her Instagram for her concert series “Butterfly Kiss,” in additionall of the details for her fans. She will be able to initiatory be functioning at Seoul Olympic Corridor from July nine to 10, and then at Busan KBS Hall from August 6 to 7.

Tickets for the Seoul concerts will open on Can also 31 at 8 p.m. KST and tickets for the Busan concerts might be going on sale on June 1 at 8 p.m. KST.

Taeyeons Butterfly Kiss concerts had at the start been planned to be held this April, yet SM Entertainment announced in March that they were being postponed.

Taeyeon made her solo debut with her first mini album entitled “I” in October 2015, and later that month held her first solo concert “Taeyeon’s Very Special Day” as a section of SM Entertainment’s “The Agit” series. She maximumcurrently released the music “Rain” in February.

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Girls’ Generation’s YoonA Impresses With Her Chinese On Sort  Display Happy Camp

Girls’ Generation’s YoonA Impresses With Her Chinese On Sort Display Happy Camp

Girls Generations YoonA Impresses With Her Chinese On SortDisplay “Happy Camp”boxclub Would possibly 10, 2016 0 Girls Generations YoonA Impresses With Her Chinese On Variety Show “Happy Camp” All her toughpaintings and determination have paid off as YoonA showed off her unparalleled Chinese talents on a Chinese variety show, unexpectedfanatics and non-fans alike.

On May just 7, Ladies Generations YoonA guested on the preferred Chinese variety show “Happy Camp” on HunanTV. She these days stars as the feminine heroine of the Chinese drama “God of War, Zhao Yun,” which opened with best ratings at its premiere in April of this year.

On this episode, she stunned the MCs with her impressive Chinese skills. 8 other young stars guested at the show and Yoona got here on along side her “God of War” co-star Lin Geng Xin and participated utterly in all the missions and games.

In particular, she was oncein a position to sing their own praises her Chinese writing skill every bit she finished riddles and other games as a a section of the show.

Moreover, when the MCs would ask her questions, Yoona become able to answer to them in fluent Chinese, raising hobby from the domestic Chinese fans for her conversational skills, emerging to the head of the reside Weibo seek results.

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Cube Entertainment to perhaps  download Chinese investment value $80 million

Cube Entertainment to perhaps download Chinese investment value $80 million

A Chinese investor could also bemaking an investment generously in a conceivable partnership with Cube Entertainment

SEE ALSO: 18 Times we needed nosotros were flora (Female idol ver.)

It was once reported currently that Dice Entertainment's parent company, C&M, had held several meetings with a Chinese investor. The corporateequipped little furthermain pointsat the matter. 

According to online media company Money Today, the investment might bevalue up to one hundred billion KRW (approximately $80.7 million). After stepping up tune copyright protections in July of 2015, China's music industry is expected to witness sizable changes.

Agencies equivalent to SM Entertainment and FNC Entertainment have already partnered with Chinese investments, with many more agencies to follow. 

What are your mind on the emerging partnerships between K-pop and the Chinese music industry?

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Chinese Corporate Alibaba Invests $30 Million In SM Entertainment

Chinese Corporate Alibaba Invests $30 Million In SM Entertainment

Chinese Company Alibaba Invests $30 Million In SM Entertainment(Photo : SM Entertainment and Alibaba.com)China's greatest online e-commerce website online Alibaba has bought a 4% stake in SM Entertainment, the firm housing some of K-pop's most smartly likedteamsadding Girls' Generation, EXO, and more.

On Feb. 11, Alibaba purchased 870,000 stocks of SM Entertainment at 41,808 KRW (~$35 USD) each, for a overallacquireworth of about 35.5 billion KRW (~$30 million USD).

Although 4% turns out like a small amount, it'll give Alibaba leverage to persuade company-wide selections and raises the query of what the 2firms volitionpaintingsin combination to accomplish in the future.

SM will use Alibaba's online song distribution network to advertise their songs in China whilst Alibaba will assist withmarketing, product planning, and more.

Alibaba founded "Ali Music Group" in July 2015, their first wide foray into the music market.

A representative for SM Entertainment commentedabout the purchasesaying, "This partnership into the Chinese online music marketplace will create synergy in quite so much of fields."

"Through this deal, SM is hoping in an effort to localize focused onmethods and boost upindustry expansion," the insider added, hinting at the company's plans for the future.

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Chinese corporate Alibaba purchases stake in SM Entertainment

Chinese corporate Alibaba purchases stake in SM Entertainment

On February 11, it used to bepublished that one of China's greatest companies, Alibaba, can beshopping a minority stake in SM Entertainment through a inventory purchase.

The Chinese corporate now owns 4% of SM Entertainment's stocks, which maynow not seem like much, yet raises a huge number ofinterest equally to what the 2firms volition have in shop for the future. Unquestionably SM Entertainment is advancing gradually into changing into a more globalized company.

SEE ALSO: SM Entertainment denies reports about one million investment from Chinese e-commerce guests Alibaba

Now, SM will advance via Alibaba Group's online song distribution and marketing inside China and more. The issuing value of new stocksis ready 41,000 KRW (~ $34 USD) per percentagewhilst the collection of shares issued changed into 870,000, that means Alibaba spent about 35.5 billion KRW (~ $30 million USD) for their 4% stake in SM.

Back in 2014, SM had denied reports of Alibaba making an investment $90 million USD into the company, but looks as ifthey are now ableto headforward with a partnership!

Source: SM Entertainment Press Liberate

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Girls' Generation's Seohyun And EXO's Chanyeol Wrap Up Filming For Chinese-Korean Film 'So I Married An Anti-Fan'

Girls' Generation's Seohyun And EXO's Chanyeol Wrap Up Filming For Chinese-Korean Film 'So I Married An Anti-Fan'

(Photo : Instagram )SM Entertainment artists Seohyun (Seo Ju Hyun) and Park Chanyeol are done with filming for an upcoming film in China.

During the ultimate day of filming for the joint Chinese-Korean flickSo I Married An Anti-Fan,Girls' Generation's Seohyun uploaded a photo to herInstagramaccount with co-star and label-mate Chanyeol of EXO.

So I Married An Anti-Fanis primarily based off of a graphic novel abouta bestbig name who falls in lovewith a reporter. Whilst the male lead is portrayed by way of the Chanyeol,Seohyun plays a supporting role asa trainee at the similar entertainment corporate as his character.

While here's Seohyun's first movie role, the singer isn't anybeginner actress. She in the pastseemed in the 2013 drama Passionate Love. She could also beshowed for theupcomingSBSdramaStartling by Every Step: Ryo.

Chanyeol made his film debut last spring in the movieSalut d' Amour.

So I Married An Anti-Fan is due out later this year in either China and South Korea.

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Girls' Generation's 'Party' rakes in 50 million views

Girls' Generation's 'Party' rakes in 50 million views

Girls' Generation now has 50 million visitors at their "Party"!

That's right, the MV on YouTube has gotten midway to one hundred million perspectives since its liberateall overthe thrill summer in July. With the bright, robustcolours and the girls' lovely locks and radiant smiles, the MV has for suregrow to bea favourite for fans.

SEE ALSO: Girls' Generation's 'I Were given a Boy' becomes their 2d MV to pass 150 million views!

Congratulations to the girls, and move back to the summertime by way of revisiting the video above!

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Girls' Generation's Taeyeon to guest on 'Please Cope with My Refrigerator' Chinese version

Girls' Generation's Taeyeon to guest on 'Please Cope with My Refrigerator' Chinese version

Girls' Generation's Taeyeon to guest on 'Please Cope with My Refrigerator' Chinese editionDec 30, 2015 03:30

Taeyeon will make her guest appearance at the Chinese version of JTBC's 'Please Look after My Refrigerator'.

According to the authentic broadcasters, Taeyeon's guesting has been showed and the filming will take position in January.

The first episode of the Chinese version used to be aired on December 3th via Tencent. The display is hosted by GOT7's Jackson and Chinese MC He Jiong. Comparable VideosGirls' generation,Please Take Care of My Refrigerator,taeyeon Facebook Twitter Google

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