Skip to main content

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.” ...
Post a Comment

IoT solutions company, Skylo raises $103 million by Softbank Global


New Delhi: Global machine connectivity solution company Skylo Technologies, on Tuesday, said that it has bagged $103 million in Series B funding round led by SoftBank Group.

The California-based company, which had last month won a project by Indian Railways, enables affordable and ubiquitous Internet of Things (IoT) connectivity to machines, sensors and devices, through satellite communication in the most remote geographies.

“Skylo costs 95% less than existing satellite solutions, with connectivity starting at just $1 per user and hardware that costs less than $100,” said Skylo co-founder and CEO Parthsarathi Trivedi. “This low-cost, global fabric of connectivity for machine data will be transformative for entire industries.”

Skylo’s satellite connectivity leverages existing geostationary satellites without the need to add new infrastructure in space. The company’s customers includes enterprise and government entities in a range of industries including automotive, railways, agriculture and maritime.

The use cases for Skylo include, mobilizing data for shipping and logistics, improving agriculture crop health and productivity, digitizing the fisheries industry, connectivity for modern passenger transportation systems and more.

“The Election Commission of India had in fact used Skylo hub during the previous elections to monitor election process in the most difficult terrains of Northeast India,” Trivedi said.

The Skylo Hub is a satellite terminal that connects to the Skylo Network which can provide reliable connectivity anywhere in the world, regardless of geography, without needing new infrastructure in space.

“Skylo’s satellite technology creates an affordable way to connect more of the physical world to the internet, even in remote areas,” said Yoshi Segawa, vice president at SoftBank Group International. “Skylo’s antenna technology and use of the narrowband internet of things protocol is revolutionary, and we look forward to working with the company in developing new use cases.”

Previous investments in the tech startup were made by DCM, Innovation Endeavors, Boeing, HorizonX and Moore Strategic Ventures.

Skylo, which already has a commercial presence in India and other emerging markets, is doing commercial trails with users in the U.S. and other countries with a vision to connect 1 billion devices globally.

Comments

Post a Comment

Popular posts from this blog

Watch a pair of iPhone back panels be removed using lasers because why not?

Source: EverythingApplePro What you need to know Replacing iPhone rear panels isn't easy. It can be made easier with a $2,000 laser machine. It's fun to watch, too. Replacing the rear panel on modern iPhones isn't as easy as it used to be. They're basically glued into place, and getting them off is difficult. But using a laser to burn away that glue makes the whole thing less troublesome. And watching it happen is pretty entertaining, too. You can see the whole process thanks to YouTuber EverythingApplePro, and it's way more fun than it ought to be. The laser apparently costs around $2,000 to buy, but if you're running a phone repair shop that's probably a very sound investment. Especially considering Apple charges up to $600 to replace a broken iPhone 11 Pro panel. As the video shows, the laser does most of the work by softening and removing the adhesive that holds the back panel on. But then it's down to the repair person to complete the job with a lit...
Post a Comment
Read more

Xiaomi Watch Color unveiled, more details coming January 3

After releasing its first “Mi” branded smartwatch in November with the  Mi Watch , Xiaomi quietly unveiled the new Watch Color although without the core specs and pricing details which are expected to come on January 3 when the watch goes on sale in China. From the teasers, we know the Xiaomi Watch Color is packing a circular display which is believed to come with a 1.39-inch diagonal and 454 x 454 pixel resolution. It will likely support all the standard fitness tracking features as well as heart rate sensor, accelerometer and barometer. It’s also expected to be swim-proof as teased by one of the product images.   Xiaomi Watch Color official posters One of the key selling points will be the multitude of colorful watch bands which will allow users to match the watch to their style. We also see it will come in at least three casing colors with silver, gold and black. As usual, we’ll update you once we have more info.
Post a Comment
Read more

5 features that DuckDuckGo has and Google does not: Pick your search engine wisely

DuckDuckGo calls itself the search engine that does not track you. Usually search engines, including search giant Google, collect and store data and link that data with the user’s account. This information is used to personalise search results, but since DuckDuckGo does not track the user it does not personalise the search results. DuckDuckGo, launched in 2008, has 38.8 million daily and 31 billion total searches as of June 2019. Recently, Twitter CEO  Jack Dorsey  had said he has switched to DuckDuckGo, even though the brand has a mere 0.28% market share in the search engine market, while Google has a massive 81.5% share, stated the Newsmarket report as of September 2019. Here’s a look at the five privacy features that DuckDuckGo has and Google does not: 1. Google uses information shared by websites and apps in order to deliver personalised content and ads for users, so when a user goes to a website that uses Google’s advertising service AdSense, analytics tools a...
Post a Comment
Read more