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China’s Gen Z investors are turning fund managers into social media stars

On a fan community page on Chinese social media platform Weibo, hundreds of users have posted comments and pictures, some covered in little red hearts, to express their admiration for a star they affectionately call Kun Kun. “Kun Kun flies bravely, iKun will always follow him; Kun Kun never gets old, and will remain a blue-chip till the end,” some users wrote alongside the picture. “Kun Kun,” whose full name is Zhang Kun, is neither a pop star nor actor. Instead, he is one of China’s most prominent fund managers who oversees around 120 billion yuan ($18.6 billion) in assets at E Fund Management, an established Chinese asset management firm. Zhang’s followers, who label themselves “iKun,” (“i” is a homophone for the Chinese word love), have also created accounts on Weibo posing as his “global fan clubs.” “Kun Kun, I would like to accompany you for many, many years,” a follower wrote. “Let’s witness both the bull and bear markets, but still return with young hearts.” ...
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Here’s how Apple, Google, Amazon want to make smart home experience seamless

Amazon and Google have relatively open systems already, which have allowed tens of thousands of third-party devices to link up with their smart speakers. Apple only supports a few hundred via its HomeKit standard.

Apple, Google, Amazon Want One Language for Smart Devices

Apple Inc, Alphabet Inc’s Google and Amazon.com Inc — three of the biggest smart-home and voice-assistant providers — are joining forces to make internet-connected homes easier to set up and safer to use.

The rivals announced Wednesday that they’re working with the Zigbee Alliance, a foundation that promotes standards for the Internet of Things, and its members including Samsung Electronics Co, Somfy SA and IKEA, on a new standard that will ensure their products work with one another.

While an increasing portion of the home can now be controlled by a voice-activated speaker or remote app, from thermostats to lights and even refrigerators, “the lack of an industry-wide connectivity standard leaves people confused and frustrated when trying to understand what devices work with each smart home ecosystem,” Nik Sathe and Grant Erickson, engineers at Google’s Nest unit, wrote in a statement. “It also places a heavy burden on manufacturers to make sure all devices are compatible with each other.”

Amazon and Google have relatively open systems already, which have allowed tens of thousands of third-party devices to link up with their smart speakers. Apple only supports a few hundred via its HomeKit standard. The global smart home market is projected to grow to $174.2 billion by 2025, according to MarketWatch, up from $55.7 billion in 2016.

But the move could also raise privacy and security questions. For years, Amazon and Google collected data every time someone used a smart speaker to turn on a light or lock a door and asked gadget makers like Logitech Co to send a stream of information whenever someone turned on a light or locked a door. Bringing more devices together in a home raises the prospect of personal data being shared with a higher number of companies, some of which may have more lax security or privacy standards. Google pared back the number of companies its Nest devices connect to earlier this year due to privacy concerns. Apple said the project is built around “a shared belief that smart home devices should be secure, reliable, and seamless to use.”

Google, Amazon want smart devices to mine even more of your data

After lagging behind Amazon and Google, Apple is rebooting its smart home efforts, developing new software and devices from a new team, Bloomberg reported earlier this year.

Notably absent from the group is Facebook Inc The social network’s smart home offering, called Portal, doesn’t have a third-party ecosystem like Apple and the others. Facebook’s voice assistant is also the most rudimentary on the market and uses Amazon’s Alexa to power many of the voice operations. Major Asian smart home companies like Baidu Inc, Alibaba Group Holding Ltd’s Tmall and Xiaomi Corp, are also missing. Trade tensions between China and the US could make such partnerships uncomfortable and Google and Amazon don’t have much of a presence for smart speakers in the region.

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China’s Gen Z investors are turning fund managers into social media stars

On a fan community page on Chinese social media platform Weibo, hundreds of users have posted comments and pictures, some covered in little red hearts, to express their admiration for a star they affectionately call Kun Kun. “Kun Kun flies bravely, iKun will always follow him; Kun Kun never gets old, and will remain a blue-chip till the end,” some users wrote alongside the picture. “Kun Kun,” whose full name is Zhang Kun, is neither a pop star nor actor. Instead, he is one of China’s most prominent fund managers who oversees around 120 billion yuan ($18.6 billion) in assets at E Fund Management, an established Chinese asset management firm. Zhang’s followers, who label themselves “iKun,” (“i” is a homophone for the Chinese word love), have also created accounts on Weibo posing as his “global fan clubs.” “Kun Kun, I would like to accompany you for many, many years,” a follower wrote. “Let’s witness both the bull and bear markets, but still return with young hearts.” ...
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