[ByteDance Hires Former Coatue Executive to Strengthen AI Investment Deals] According to reports, ByteDance Ltd. has hired a former executive from Coatue Management to lead its corporate investment team. Sources familiar with the matter revealed that Jiang Kai has joined the TikTok parent company as the head of its financial investment division based in Hong Kong, reporting to CFO Gao Zhun. Insiders stated that this appointment will help ByteDance establish a more systematic framework for investing in emerging technology startups.