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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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Apple approaches TSMC to bump A13 chipset production to meet high demands for iPhone 11: Report

Reportedly, Apple has reached out to TSMC to increase the production of its A13 processor as the demand for the iPhone 11 was higher than previously predicted. The report arrives after the iPhone 11 and iPhone 11 Pro were well received in the Chinese with a healthy sales number.

Bloomberg, a reporting agency, published the news and stated that the iPhone 11 series is “outperforming the market and Apple’s expectations.” In other words, the Cupertino based tech giant has to raise production capacity for its smartphone to keep up with high demands. TSMC (Taiwan Semiconductor Manufacturing Company) is a major manufacturer of PC and mobile processors. It is also a known brand that supplies Apple’s A13 chipsets used in its iPhone 11 lineup.

Apple
Apple’s A13 Bionic Chipset (Found in the iPhone 11 series)

Furthermore, another major reason for Apple bumping up the production of its proprietary chipset also ties in with an upcoming affordable iPhone model. It is reported that the device will feature a design similar to that of the iPhone 8 but with the newer and faster A13 processor. Unfortunately, it has yet to be officially confirmed but the iPhone 8 was one of the best selling iPhones in recent years due to its lower price tag, so it is likely to be the case.

Later this year, Apple will also be unveiling its 2020 iPhone lineup which will arrive with the new generation of processor, likely the A14 SoC (systems on a chip). The production for this next generation chipset will start sometime in the second quarter of 2020.= and will be on the new 5nm process. The A13 was manufactured on a 7nm process, meaning that the newer iteration should be more powerful and energy efficient.

Apple
iPhone 11 Pro Max

Analysts have claimed that the iPhone 11 series is performing better than what was originally predicted. The iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max currently account for about 69 percent of all iPhones sold in the fourth quarter of 2019.

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