According to Baidu Encyclopedia, Nikko Asset Management Co., Ltd. was established in 1959. It is a fund management subsidiary of NikkoCordialCorp, a large Japanese brokerage firm, and one of the three major asset management institutions in Japan, with assets under management of 80 billion US dollars. Many funds, such as Nikko low-cost open-end funds, have won the five-star rating of Morningstar Company, which proves that they have very rich experience in asset management and good performance.
MLM refers to the behavior that organizers and developers illegally acquire wealth through developers or require the developed personnel to obtain the qualification to join on the condition of paying a certain fee. The essence of pyramid selling is "Ponzi scheme", that is, the money of the latecomers is distributed to the income of the pioneers.