TechFlow reported on December 18 that according to an announcement by the Hong Kong Securities and Futures Commission (SFC), Cool River Venture HK Limited, founded by Zhang Yiming, co-founder of ByteDance, has been granted a Type 9 (Asset Management) license by the SFC. According to records from the Hong Kong Companies Registry, the company was incorporated on May 22, 2023, as a private limited company. Zhang Yiming is the director, and the sole shareholder is Galaxy LLC, registered in the Cayman Islands.
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