04:08
2026-07-23
scmp.com
artificial-intelligence
China’s star fund manager dumps long-held consumer bets in pivot to AI trade
Zhang Kun, manager of a US$3.1 billion fund, cut holdings in Kweichow Moutai by 47%, Wuliangye by 71%, Luzhou Laojiao by 52%, and Alibaba by 75% in the second quarter, pivoting to AI-linked stocks lik…