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[BREAKING] Alibaba invests 355 billion wons in SM Entertainment’s stocks!

Alibaba has¬†acquired 4 percent stake in one of the big three entertainment agencies in Korea,¬†SM Entertainment!¬† Earlier today¬†Alibaba revealed that they have indeed invested in SM Entertainment¬†by purchasing 4 percent share in the company with a total amount of 355 billion South Korean wons. Through this investment¬†SM Entertainment¬†will gain access¬†to …

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