According to a notice from the Hong Kong Securities and Futures Commission, Cool River Venture HK Limited, founded by Zhang Yiming, the co-founder of ByteDance, has been granted a Type 9 license (asset management license) and can engage in asset management business in Hong Kong.
According to the website of the Companies Registry of the Hong Kong Special Administrative Region, Cool River Venture HK Limited was registered on May 22, 2023.
Reports indicate that Cool River Venture is a private limited company, with Zhang Yiming as the sole director, and the sole shareholder is Galaxy LLC, which is registered in the Cayman Islands.
