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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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NOKIA LOOKING TO MANUFACTURE IP AND OPTICAL PRODUCTS IN INDIA

India is an important market not only for Nokia Mobile but also for Nokia and its networking business. Nokia is already manufacturing its 4G and 5G radio products in its Chennai factory and only last year around $400 million worth telecom gear was shipped in India and around the world. Nokia is doing well in India’s networking market according to IDC’s Q32019 report. It holds 16.7% of the router market and it is fourth in India’s switch market with 2.7% share.

To strengthen its position in the local market, and cater to global demand, Nokia is thinking of manufacturing its IP and optical products in India through its existing facility. Since the sales of networking gear are increasing in India, domestic production could increase the feasibility of the production and eventually lover the price of the equipment. Also, this could open more jobs in the sector, which is always a welcomed move.

Read more about the story at EC and idc.

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