Alibaba Buys 4 Percent Stake in K-Pop Giant SM Entertainment For $30 Million – NextShark

February 10, 2016 by Zennie Abraham

Alibaba Buys 4 Percent Stake in K-Pop Giant SM Entertainment For $30 Million
NextShark
Chinese e-commerce giant Alibaba has bought a minority stake in South Korean entertainment company S.M. Entertainment. The deal was made public on February 11 and Alibaba now owns a 4% equity stake in the K-pop conglomerate, reports Allkpop.

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Zennie Abraham

Zennie Abraham | Zennie Abraham or “Zennie62” is the founder of Zennie62Media which consists of zennie62blog.com and a multimedia blog news aggregator and video network, and 78-blog network, with social media and content development services and consulting. Zennie is a pioneer video blogger, YouTube Partner, social media practitioner, game developer, and pundit. Note: news aggregator content does not reflect the personal views of Mr. Abraham.

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