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[Alpha Biz=(Chicago) Reporter Paul Lee] HYBE announced on the 23rd that it has signed a music distribution contract with Tencent Music under Tencent, an IT dinosaur in China.
Tencent Music is China's largest music entertainment company. It already has strategic partnerships with major K-pop agencies such as SM Entertainment, YG Entertainment and JYP Entertainment.
Through this music distribution contract, HIVE will be able to officially showcase the songs of singers affiliated with Tencent Music. In particular, the music service for future new songs is expected to be available in China at the same time as in Korea.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
