Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO (Zheping Huang/Bloomberg)

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Zheping Huang / Bloomberg:
Kuaishou's CEO Su Hua is stepping down, will remain chairman of the short-form video company; fellow co-founder Cheng Yixiao will be the new CEO  —  - Billionaire Su Hua cedes CEO role to co-founder Cheng Yixiao  — Su will focus on long-term strategy at the TikTok rival

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