Kuaishou Technology Chief Executive Officer Su Hua became the latest founder to step back from a Chinese tech firm after a yearlong campaign by Beijing to rein in excesses in the industry.
Su, 39, will remain chairman of Kuaishou to focus on long-term strategy and new initiatives, the short-video giant said in a statement late Friday. Fellow co-founder Cheng Yixiao will take over as CEO to lead day-to-day operations and business development.
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November 01, 2021 at 08:19AM
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Kuaishou CEO Is Latest Tech Founder to Retreat After Crackdown - Bloomberg
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