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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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Germany has to pay Microsoft for failing to upgrade from Windows 7

Last winter, Microsoft announced that Windows 7 would reach its end-of-life on January 14th, 2020. In other words, the company will not be releasing any updates for the operating system -- even crucial security patches -- after that date. The public had nearly a year to make the move to Windows 10, but Germany's government didn't upgrade in time. According to German newspaper Handelsblatt, the German Federal Ministry has at least 33,000 computers still running Windows 7 and, as a result, will have to pay Microsoft about $887,000 in extended security update fees.

Microsoft offers extended security updates to enterprise and business clients, but at a hefty price -- ZDNet reported that the company will charge $50 per machine during the first year of end-of-life support and that the price will increase after each additional year. When an organization has tens of thousands of computers, those fees add up quickly.

Maintaining thousands of computers is a tough job -- viruses, malware, software updates, hardware issues and user errors form a nearly endless to-do list for admins. But when end-of-life is announced for an operating system, upgrading to the latest version is typically a high priority. We are talking about a government organization, though, so a lack of both funding and technical expertise are to be expected. Luckily, upgrading is much easier for home users, who can still take advantage of a loophole to upgrade to Windows 10 for free.

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