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Zhang Yiming established Cool River Venture in Hong Kong to focus on investments in the technology industry

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May 27, 2023 pm 01:41 PM

According to news on May 24, ByteDance founder Zhang Yiming recently established a company called Cool River in Hong Kong. Venture’s personal investment fund. This private joint-stock company will officially take effect on May 22, 2023, with Zhang Yiming as director, and the sole shareholder is Galaxy LLC, the shareholding ratio reaches 100%. Sources revealed that the fund will focus on investments in technology-related industries.

Cool River The establishment of Venture marks Zhang Yiming’s re-entry into the investment field two years after stepping down as CEO. As the founder of ByteDance, Zhang Yiming has witnessed the company's rapid development in the past few years, especially the huge global success of its short video platform TikTok. Now, he will turn his attention to personal investing and bring Cool River Venture is positioned as a fund focused on the technology sector.

According to the editor’s understanding, although no specific investment plan has been disclosed yet, it is foreseeable that Cool River Venture will look for technology start-ups with innovation and growth potential for investment. Zhang Yiming has always maintained a strong interest in the technology field and is known for his successful experience and insights in ByteDance. byCool River Venture, he will be able to support and promote technological innovation more flexibly and play a more active role in the investment field.

Cool River As Zhang Yiming's personal investment fund, Venture will give full play to his resources and experience advantages to provide financial support, strategic guidance and business expansion opportunities for technology start-ups. This move is expected to further promote technological innovation and the prosperity of the entrepreneurial ecosystem, and inject new vitality into the development of the industry.

In short, Cool River established by Zhang Yiming in Hong Kong Venture personal investment fund will be dedicated to investments in technology-related industries. This move will allow him to become more actively involved in technological innovation and provide support and guidance to potential start-ups. We look forward to this new fund bringing more vitality and opportunities to the technology industry.

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