# Cool River Venture

Cool River Venture is a Venture Capital based in Hong Kong, Hong Kong.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Hong Kong, Hong Kong
- **Region:** Asia
- **Address:** 21st Floor, Two International Finance Centre, 8 Finance Street, Central, Hong Kong
- **Founded:** 2023
- **Assets under management:** Undisclosed
- **Website:** https://coolriveradventures.com
- **LinkedIn:** https://www.linkedin.com/company/cool-river

## Regulatory record

- **Reports private funds:** No

## About

Cool River Venture is founded by Yiming Zhang, the founder of Bytedance. It will invest in technology-related industries.

## Sectors

- AI/ML
- Enterprise Software
- Digital Health
- Media & Entertainment

## People

- Zhang Yiming — Founder and Sole Director
- Liu Bide — Responsible Officer (SFC Type 9)
- Liu Zhao — Responsible Officer (SFC Type 9)

## Questions

### What exactly is Cool River Venture's relationship to ByteDance?

Cool River Venture is Zhang Yiming's personal investment vehicle and is legally distinct from ByteDance. Zhang stepped down as ByteDance CEO in 2021 and later set up this Hong Kong entity in 2023 to manage his personal capital. ByteDance maintains its own corporate venture and investment activities through separate entities. The two organizations operate independently, though Zhang remains a major ByteDance shareholder.

### Who holds the SFC licenses at Cool River Venture, and what does that permit?

The firm holds a Type 9 asset management license from Hong Kong's Securities and Futures Commission. Two Responsible Officers are listed on the license: Liu Bide and Liu Zhao. Liu Zhao previously worked at Barclays Capital Asia. A Type 9 license authorizes the holder to manage a portfolio of securities and futures contracts, which supports both public and private market investment activity.

### What types of companies or sectors does Cool River Venture target?

While the firm has not published a stated mandate, Zhang Yiming has publicly expressed a personal interest in artificial intelligence and deep technology since leaving ByteDance's operational leadership. The firm's registration as a generalist asset manager and the founder's background suggest a focus on AI/ML, enterprise software, and adjacent technology sectors across both private and public markets in Asia and globally.

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- [Convergences Gestion](https://altss.com/profile/convergences-gestion)
- [Seligson & Co](https://altss.com/profile/seligson-and-co)

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Last updated: 2026-08-10T23:49:37.812Z

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