ByteDance Billionaire’s VC Firm Sets Up Shop in Marquee HK Tower

ByteDance Ltd. co-founder Zhang Yiming’s five-month-old venture capital firm has leased space in one of Hong Kong’s most recognizable skyscrapers, joining an influx of Chinese financial houses into the Asian city.

Cool River Venture HK Ltd., an investment company Zhang set up in May, has taken two suites on the 21st floor of Two International Finance Centre, according to a filing with Hong Kong’s Land Registry. The fund will share the floor with CTBC Bank Co., a Taiwan lender.

Zhang is among China’s best-known entrepreneurs, founding the social media company that first popularized AI-driven news services before creating ...