Kuaishou Technology Stock Sheds 2.8% as It Reportedly Ends Collaboration with Jay Chou

Kuaishou Technology stock fell 2.8% on Friday as it reportedly ends collaboration with pop star Jay Chou.

Jay Chou, King of Mandopop, joined Douyin with the account name 'Chou Tongxue,' currently attracting 10.229 million followers. Previously, KUAISHOU-W was the first Chinese social media account opened by Chou, with the account signature still being 'Jay Chou's only official account across China, only on Kuaishou.'

The collaboration between Jay Chou and KUAISHOU-W has long expired, meaning the account with 48.48 million followers may cease operations and potentially become a 'ghost' account, Chinese media quoted Chou's team as saying. The market estimated that KUAISHOU-W may face the risk of losing a significant number of followers.