Recently, a leading exchange announced a brand-new co-CEO management structure, causing quite a stir on social media. Honestly, most people are fixated on the so-called power struggles. But if you ask me? Put those rumors aside, and you'll see something much more interesting—when a platform’s user base surpasses 300 million, its organizational structure inevitably has to evolve.

This isn’t some power game. It’s a management innovation driven by the effects of scale. The single-decision-maker model works well in small teams, but when your user base reaches this size? What you need is a systematic governance framework, not individual heroism. So instead of seeing this adjustment as a personnel earthquake, it’s better to understand it as a necessary "system rearchitecture"—the company is adapting to its new scale in the most pragmatic way.