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China's Ali Music Rubs Elbows With Baidu In Korea

Ali Music Group, the music branch of Alibaba Group, announced that they will implement a music and e-commerce business cooperation with South Korean entertainment company S.M.Entertainment.

At the same time, Alibaba's Ali Music will take a 4% stake in the Korean company. Alibaba Group established Ali Music in July 2015.

Ali Music said that with the deal, the two parties will jointly develop online music distribution and marketing in China. At the same time, Alibaba Group will purchase 870,000 shares of S.M.Entertainment at KRW40,808 per share, totaling KRW35.5 billion.

Chinese search engine giant Baidu also formed a strategic cooperation relationship with S.M.Entertainment in May 2014. With that deal, Baidu's music division would license the music copyrights of stars from S.M.Entertainment; Baidu's video branch Iqiyi would gain the genuine music videos and performance videos of S.M.Entertainment; and S.M.Entertainment's artists would have an official forum and marketing portal on Baidu.

S.M.Entertainment is an independent Korean record label, talent agency, producer, and publisher of pop music. As a star factory, it was once the home to the original Korean idol groups like H.O.T., S.E.S., and Shinhwa and its current artists include BoA, Super Junior, Girls' Generation, SHINee, f(x), and EXO.

Other China Tech Buzz:

As part of its continuous efforts to bring a fun and seamless online shopping experience to more Filipinos across the country, Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, expands its serviceable areas through the establishment of new Shopee Xpress hubs across Mindanao. Through these new hubs in Davao City, Davao Del Sur, Davao Del Norte, and other areas, local sellers are provided with greater opportunities to expand their business through e-commerce and compete at a national level. For Davao to Davao purchases, both shoppers and sellers can now enjoy shorter delivery times. Shopee also partnered with the Department of Trade and Industry (DTI) to hold its first Shopee University Roadshow in Davao City. The masterclass educated Davao-based sellers on how to grow their businesses with e-commerce and onboarded new sellers to improve the overall online selling experience for Filipinos. Shopee also held another live seller engagement event in Davao City, Shopee Kumustahan, wherein representatives from the platform held roundtable discussions with local Shopee sellers to know more about their experience and get insights on what can help drive their business forward. Shopee Philippines Seller Communications and Education Lead Mia Mendoza, SY Glow Cosmetics shop owner Lou Putian, and Cacao Culture shop owner Sheila Lao at the Shopee Kumustahan event in Davao City “Here at Shopee, we are always driven by our objective to make e-commerce accessible to everyone. Through the Mindanao hub expansions and conducting educational workshops, our goal is to equip local sellers and business owners with the necessary knowledge and tools to make the most out of their e-commerce journey with Shopee,” shared Martin Yu, Director at Shopee Philippines. If you want to grow your business online and enjoy the numerous benefits of e-commerce, start your online selling journey with Shopee today. Download the Shopee app for free via the App Store or Google Play. – the chinitosanti chronicles

June 25, 2022
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