Tencent Music and SM Entertainment established a joint venture in Beijing with a registered capital of 40 million.

According to the Tianyancha App, recently, Aisteng Culture Communication Co., Ltd. was established, with Zhou Mi as the legal representative and a registered capital of 40 million RMB. The business scope includes services for cultural and entertainment agents, copyright agency, artistic creation, as well as conference and exhibition services. Shareholder information shows that the company is jointly owned by Tencent Music Co., Ltd. and SM Entertainments Kasumi Culture Communication Co., Ltd.