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China’s star fund manager dumps consumer bets in pivot to AI
Zhang Kun cuts US$3.1 billion fund’s holdings in baijiu and e-commerce as ‘downside pressure on the economy has exceeded expectations’.
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caixinglobal.com
China Mutual Funds Swing to $287 Billion Profit on AI Stock Binge
Active fund managers dump traditional staples for tech, though veteran warns polarized rally is unsustainable
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scmp.com
China’s star fund manager dumps consumer bets in pivot to AI
Zhang Kun cuts US$3.1 billion fund’s holdings in baijiu and e-commerce as ‘downside pressure on the economy has exceeded expectations’.