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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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Japan planning to launch 6G by 2030: Report

Japan is reportedly planning a comprehensive strategy for "post-5G" (6G) technology by 2030 and it is believed that the new technology will be 10-times faster than the current 5G.

The Ministry of Internal Affairs and Communications of Japan will set up a government-civilian research society in January under the chairmanship of the University of Tokyo Goshinjin, and under the direct supervision of the General Affairs Minister Takao Sanae, GizmoChaina reported on Monday.

Additionally, people from NTT and Toshiba will also be invited to discuss 6G performance goals and policy support by June. The government will promote the development of 6G technology.

US-based investment banking and financial service company, Goldman Sachs, has forecast a hefty 200 million 5G smartphone shipments globally in 2020.

The new predicted value is about 20 times more than the sales figure of 2019.

According to estimates, there will be about 1 million new 5G base stations in China in 2020. This is higher than the original 600,000 prediction by Goldman Sachs.

Additionally, Chinese smartphone manufacturer Xiaomi co-founder Lei Jun announced the company is planning to pump $7 billion in 5G, AI and IoT over the next five years.

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