Tencent Music and South Korean entertainment company SM Entertainment have established a joint venture in Beijing named Aisteng (Beijing) Cultural Communication Co., Ltd. The company, with a registered capital of 40 million RMB, will focus on cultural and entertainment brokerage services, copyright agency, artistic creation, and event management. This collaboration aims to strengthen their presence in the cultural exchange market. AI
RANK_REASON The cluster describes the formation of a joint venture between two companies, which falls under a business partnership or tool category.
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