Kuaishou has issued an internal announcement unveiling a shift in executive responsibilities, according to a September 30 afternoon report.
Under the new arrangement, Kuaishou founder and chief executive Cheng Yixiao will additionally take charge of the community science line, while the line's former head Yu Yue will move to serve as director and chief executive of Kling AI, focusing going forward on the management and operations of Kling AI.
In a subsequent all-staff letter, Cheng expressed gratitude to Yu and stated that Kling has always been the core pillar of Kuaishou's AI strategy and will continue to grow in synergy with the company's various businesses, creating shared value and mutual benefit.
Investors tracking the Hong Kong-listed shares of Kuaishou Technology (HKEX: 1024) and its renminbi-traded counter Kuaishou Technology (HKEX: 81024) will be watching how the leadership change shapes the company's AI ambitions.