2018, it was reported that JYPE's shares closed at 31,300 KRW (US$28.20), pushing the company's market capitalization to 1.09 trillion KRW (US$980.26 million), exceeding that of SM Entertainment's 1.08 trillion KRW (US$971.27 million). With this, JYP became the largest among the Big 3 K-pop labels. On November 1, 2018, JYP launched a new program with Mnet named Super Intern, which showcased the intern process at JYP, but the main goal was to turn the interns into permanent marketing management staff for each division of artists. The show started to air on Mnet TV on January 24, 2019. On January 21, 2019, JYP announced they would be debuting a new girl group named Itzy. On the same day, the group's official YouTube account was created and the label's official channel shared a video trailer unveiling the five members. On February 12, the group released their debut single album, It'z Different, with its lead single "Dalla Dalla". On January 29, 2019, JYP announced their plans of creating a Japanese girl group, under their vision "JYP 2.0: Globalization By Localization". Auditions for this new girl group took place in 8 Japanese cities, Hawaii, and Los Angeles, for females aged between 15 and 22 years old. This project was eventually dubbed as Nizi Project, a survival documentary series featuring 20 contestants was aired weekly on Hulu Japan from January 31 to June 26, 2020, and distributed internationally through JYP's official YouTube channel. On the final episode of Nizi Project, the finalized line-up for the new girl group, which was given the name NiziU, was revealed to the public. The group is announced to have partnered with Sony Music Japan for album sales and group management during its activities in Japan. NiziU made their official Japanese debut on December 2, 2020. On March 11, 2019, JYP reached a new partnership with Sony Music Entertainment's The Orchard. JYP will distribute both digital and physical releases to key markets in the US, Europe, and beyond through The Orchard in order to "expand the label's presence around the world." On June 8, 2019, it was announced that Fanling Culture Media (JYP China) trainee Yao Chen placed 5th in the finale of Produce Camp 2019 with 10,764,262 votes and has successfully made the final lineup of project group R1SE after participating in the survival show. The group made their debut on the same day. On June 17, JYP and