Two years after the step -down CEO, Zhang Yiming, the founder of Chinese technology giant bytes beating, has a new action: a personal investment fund was established in Hong Kong.

According to the surging news report, the Hong Kong Company Registry website shows on Wednesday (May 24) that the fund that Zhang Yiming served as the director was called "Cool River Venture".Effective on the 22nd.The only shareholder is Galaxy LLC with a shareholding ratio of 100%.

The report quoted people familiar with the matter and revealed that the main investment direction of the fund is technology -related industries, but no more details are disclosed.

Zhang Yiming announced in May 2021 that he would step down his post to the CEO, saying that he would focus on the long -view strategy, corporate culture and social responsibility.In November of the same year, Liang Rubo, the founder of byte beating, took over the post of byte beating CEO and chairman.

According to the latest global rich list released by the Hurun Research Institute in March, Zhang Yiming ranked third in China for the wealth of RMB 25 billion (approximately $ 47.7 billion).