Hong Kong Stock Tied to Pop Star Jay Chou Soars 143% as Jay Chou Officially Joins the Chinese TikTok (Douyin) Platform

Tiger Newspress

Jul 09

Hong Kong stock Star Plus Legend, which is tied to pop star Jay Chou, continue to soar 142.5% on Wednesday.

Douyin confirmed that Taiwanese superstar Jay Chou has joined its platform with the verified account "Zhou Tong Xue (literal translation of "周同学", meaning "Classmate Chou"), certified as a singer, amassing 50,000 followers within 10 minutes. Earlier rumors of a nine-figure signing fee were dismissed by a Douyin spokesperson as false.

The company is known for retailing products closely associated with the Taiwanese singer, including Modong, a “bulletproof” high-fat coffee drink. Started by Chou’s mother Yeh Hui-Mei and others in 2017, Star Plus Legend also sells skin- and health-care products and provides intellectual property.

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