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TikTok rival Kuaishou becomes the latest Chinese tech firm to reshuffle its leadership

November 2, 2021
Source: spectrumreport.com spectrumreport.com
News Snapshot:
Hong Kong (CNN Business)Kuaishou, the Chinese short video-sharing app that’s known as a popular alternative to TikTok, has replaced its CEO — the latest leadership reshuffle in Chinese tech. The Beijing-based company announced late Friday that co-founder Su Hua was stepping down from the role, while staying on as chairman of the board. Su’s fellow co-founder, Cheng Yixiao, was appointed chief executive, which took effect on Friday. Kuaishou said that Su would be dedicating more time going forward to its long-term strategy, while Cheng assumed responsibility of day-to-day operations.Su’s departure is another example of how some of the country’s top...
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