Zhang Yiming. Photo: Gilles Sabrie/Bloomberg via Getty Images
ByteDance co-founder Zhang Yiming has incorporated an investment company in Hong Kong named Cool River Venture, Bloomberg reports.
Why it matters: As a co-founder and former CEO of TikTok's parent company, the billionaire could have his eyes on investments in other media and tech companies.
Details: Zhang is listed as the sole director of the company and the sole shareholder is a Cayman Islands vehicle Galaxy LLC, according to a filing from the Hong Kong Companies Registry, per Bloomberg.
