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NetEase Sues SM Entertainment Over Market Dominance Abuse

8/5/2025

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Summary

Story summary

NetEase Cloud Music has taken a bold step, suing South Korea's SM Entertainment for allegedly abusing market dominance in a case filed at China's Hangzhou Intermediate People’s Court. This legal action comes after a temporary agreement that granted access to SM's coveted K-pop catalog. Notably, NetEase has seen a remarkable 23.1% revenue surge in 2024, reaching an impressive USD $743.5 million.

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Story summary

NetEase Cloud Music has taken a bold step, suing South Korea's SM Entertainment for allegedly abusing market dominance in a case filed at China's Hangzhou Intermediate People’s Court. This legal action comes after a temporary agreement that granted access to SM's coveted K-pop catalog. Notably, NetEase has seen a remarkable 23.1% revenue surge in 2024, reaching an impressive USD $743.5 million.