there's a bunch of articles online that talk about Chinese investment in the SK entertainment industry. Here's one:
- talks about the 2nd and 3rd largest holders of YG being from China
- I read this incorrectly, its Netmarble being the second largest holder in Hybe, which a big chunk of Netmarble is owned by Tencent, so it's more indirect.
- talks about JYP signing a partnership with Tencent as well
There's another article talking about SM, but for some reason allkpop won't let me post the link here but it mentions that Alibaba is the 3rd largest shareholder of SM and that LSM is potentially in talks with Tencent to acquire his shares, which would make Tencent the largest shareholder of SM.
Tencent also owns a big chunk of Spotify, Universal, Kakao. Kakao is huge in Korea, they own Melon, and a bunch of smaller kpop companies such as Play M (apink, weeekly), High Up (StayC), Cre.ker (the boyz), starship and lots of kdrama companies.
At the end of the day, it's all about money and business, doesn't matter where the money comes from.
That’s not much. The way you worded your post made it seem tencent owns a large majority of hybe which is not the case. They own 17.6% of netmarble and netmarble has a 19.9% shares in hybe. The percentages make tencent indirect shares in hybe even smaller
yup my bad, I read through it too quickly the first time.