Core Viewpoint - Kuaishou's stock reached a new high since July 2022, closing at 84.6 HKD, up 7.22% after announcing a restructuring of its commercial system to enhance operational efficiency and better serve merchants [1] Group 1: Business Restructuring - Kuaishou announced an upgrade of its existing commercial system to focus on three core business scenarios: e-commerce, life services, and commercialization [1] - The restructuring aims to clarify business objectives, unify strategies, concentrate resource allocation, and enhance organizational collaboration for improved efficiency in commercial monetization [1] - The local life division has been renamed to the life services division, integrating local life business with lead advertising operations [1] Group 2: Leadership Changes - Liu Xiao has been appointed as the head of the life services division, reporting to Kuaishou's Senior Vice President Wang Jianwei [1][2] - The previous head of the local life division, Xiao Gu, will transition to a business consultant role, with the company expressing gratitude for his contributions [3] - Xiao Gu played a significant role in building Kuaishou's e-commerce team and expanding its gross merchandise volume (GMV) and user base [3] Group 3: Strategic Integration - The adjustment will enhance collaboration between local business and advertising, providing a comprehensive service for merchants [2] - The integration of e-commerce and internal advertising operations aims to create a closed-loop capability for traffic, transactions, advertising conversion, and merchant services [2] - The commercial division will focus on supporting advertising capabilities while developing content consumption, comprehensive platforms, brand marketing, and Kuaishou Alliance [2]