[YZi Labs, a family office under CZ, begins expansion in Hong Kong] Odaily Planet Daily reports that YZi Labs, a family office under CZ, has started expanding in Asia, including the Hong Kong market. Public data shows that the assets managed by this family office exceed $10 billion. The head of the family office, Ella Zhang, has been actively operating in Asia, aiming to strengthen the BNB hoarding initiative and future ecosystem development. This includes the announcement at the end of August to support a fund company named B strategy in raising $1 billion for a 'hoarding' activity. YZi Labs also announced its support for Huaxing Capital Holdings' $100 million BNB hoarding project, hoping the latter can become the BNB strategy for Hong Kong stocks. A source familiar with YZi Labs stated that in recent times, many in Hong Kong's financial circles have approached YZi Labs for collaboration. According to the source, there may be hundreds of individuals (or teams) involved, with potential projects gradually materializing in the future. (Tencent 'Deep Focus')