Cool River Venture HK Limited Secures Asset Management License in Hong Kong

According to PANews, Cool River Venture HK Limited, founded by ByteDance co-founder Zhang Yiming, has been granted a Type 9 asset management license by the Hong Kong Securities and Futures Commission. This license allows the company to engage in asset management activities within Hong Kong. The Hong Kong Companies Registry's official website indicates that Cool River Venture HK Limited was registered on May 22, 2023. Reports suggest that Cool River Venture is a private limited company with Zhang Yiming serving as the sole director. The sole shareholder of the company is Galaxy LLC, which is registered in the Cayman Islands.