Kuaishou’s Su Hua to step down as CEO, following moves by ByteDance and Pinduoduo founders amid China’s tech crackdown

//Kuaishou’s Su Hua to step down as CEO, following moves by ByteDance and Pinduoduo founders amid China’s tech crackdown

Kuaishou’s Su Hua to step down as CEO, following moves by ByteDance and Pinduoduo founders amid China’s tech crackdown

Kuaishou Technology co-founder Su Hua is stepping down as CEO, becoming the third member of a new generation of Chinese technology billionaires to relinquish control in day-to-day operations of their companies amid the government’s protracted industry crackdown.The 39-year-old entrepreneur said he is stepping aside to focus on developing the company’s long-term strategy. Taking over as CEO is long-time collaborator Cheng Yixiao, who created Kuaishou a decade ago as a tool to create and share…

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By | 2021-10-30T06:15:10+00:00 October 30th, 2021|Technology|Comments Off on Kuaishou’s Su Hua to step down as CEO, following moves by ByteDance and Pinduoduo founders amid China’s tech crackdown