On June 5th, Jay Chou announced on social media and music platforms that his new piano improvisation piece, “Impromptu”, will be released at midnight on June 6th. On that day, the stock price of “Superstar Legend”, a concept stock controlled by Jay Chou’s mother, Ye Hui Mei, and other related individuals, surged significantly.
According to reports from Chinese media outlet “Everyday Economic News”, recording work for Jay Chou’s upcoming album is in progress. He recently released a new piano music video for “Impromptu”, which was created through improvisation at the Beatles Recording Studio.
Previously, Jay Chou hinted on Instagram stories that the recording engineer has arrived, indicating the start of the search for a recording studio for the new album. His management company, JVR Music, stated that many new songs have been completed and they aim to release the new album in August or September without prolonging the process.
At the age of 46, Jay Chou released his debut album “Jay” in 2000, with notable works including albums like “Ye Hui Mei” and “Common Jasmine Orange”. Apart from his music career, he has also starred in movies such as “Initial D”, “Secret”, and “Curse of the Golden Flower”.
In July 2022, after a six-year hiatus, Jay Chou released the album “The Greatest Work”, which sold over 3.8 million copies in less than 12 hours, with sales exceeding 100 million yuan. The album was featured on the Taiwanese music streaming platform “MyMusic” under “Big Brother” for six months, and eventually topped the “2022 Year-End Chart” for Chinese albums.
On the day Jay Chou announced the release of his new piano improvisation piece “Impromptu”, the stock price of “Superstar Legend”, controlled by Jay Chou’s mother Ye Hui Mei and others, saw a significant increase. It surged over 17% at one point and closed with a 2.94% increase, with a total market value of 5.124 billion Hong Kong dollars. This marks the third consecutive day of increase for “Superstar Legend”, having risen over 11% the previous day and more than 16% for the month.
Dubbed as the “Jay Chou concept stock”, “Superstar Legend” was listed on the Hong Kong Stock Exchange on July 13, 2023, at an IPO price of HK$4.25 per share, with the first-day stock price soaring and co-founder Ye Hui Mei entering the ranks of billionaires.
As reported by “United Morning Post”, despite basking in the aura of Jay Chou’s superstar status, “Superstar Legend” faced three failed attempts to list on the Hong Kong Stock Exchange in September 2021, March 2022, and October 2022. The annual report indicates that in the 2024 fiscal year, “Superstar Legend” recorded a revenue of 584 million yuan, a 35.8% year-on-year growth; gross profit of 327 million yuan, an 18.4% increase; and a net profit attributable to shareholders exceeding 56 million yuan, a 62.4% rise.