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The Black Label completes Series B funding round to accelerate global expansion

The Black Label, led by producer Teddy Park, announced Tuesday that it had completed its Series B funding round on May 20. Key investors in the latest round included Tencent Music Entertainment, the China-based operator of music platforms such as QQ Music and Kugou Music, and Krafton, the South Korean game publisher behind PUBG: Battlegrounds. The Series B investment totaled 120 billion won (79.8 million), giving The Black Label a post-investment valuation of 1 trillion won. Existing shareholder