According to Foresight News, according to Yicai Global, Cool River Venture HK Limited, founded by Douyin founder Zhang Yiming, obtained the No. 9 license issued by the Hong Kong Securities and Futures Commission in November, which is an asset management license. The license will take effect on November 21. After obtaining the license, the company can carry out asset management services in Hong Kong. It is reported that Cool River Venture is a private limited company, Zhang Yiming is the only director, and the only shareholder is Galaxy LLC, which is registered in the Cayman Islands.