On October 29, Kuaishou Technology issued an announcement stating that Kuaishou’s board of directors announced that Su Hua would no longer serve as the company’s CEO. The company's co-founder, executive director and chief product officer, Mr. Cheng Yixiao, has been appointed as the chief executive officer, effective October 29, 2021. Cheng Yixiao will lead the daily operations and business development of the Group and will report to Chairman Su Hua. Kuaishou's long-term "dual core" leadership core structure led by two people has since loosened. In the future, Suhua will focus more on the company's overall strategic planning and development, and will also have more time and energy devoted to the exploration of new directions. Cheng Yixiao will focus on the company's overall business and operation management. (Source: Network Synthesis) Chip technology man Hu Chengchen joined NIO as chief expert and assistant vice president Hu Chengchen, who has extensive