Alibaba Buys Stake In K-Pop Giant SM Entertainment, Home To EXO And Girls’ Generation

South Korea’s top entertainment agency S.M. Entertainment said on Thursday that it has formed a strategic partnership with Alibaba Group Holding. The Chinese e-commerce giant will buy around $30 million worth of S.M.’s newly issued shares, gaining a4% stake in theKosdaq-listed company. “Through this partnership, we’ll synergize in various fields, including China’s […]