Ocean Link

Ocean Link, established in 2016, is a private equity firm headquartered in Shanghai with offices in Beijing and Hong Kong. It specializes in mid-market investments within China's travel and leisure sectors, focusing on various sub-verticals such as hotels and resorts, travel agencies, attractions, transportation services, and related technology providers. The firm operates as a joint venture between General Atlantic LLC and Ctrip.com International Ltd, and manages both RMB and USD denominated funds.

Tony Jiang

Co-Founder and Partner

Alex Zheng

Partner

24 past transactions

Harmay

Series D in 2022
Harmay is a retailer based in China that specializes in premium cosmetics and beauty products. The company focuses on contemporary fashion and aesthetics, aiming to convey the concept of beauty and an enriched lifestyle. Harmay offers a diverse range of well-known international cosmetics and skincare brands, alongside its own self-developed personal skincare products. By targeting urban dwellers, Harmay provides high-quality makeup and cosmetics that resonate with modern beauty standards.

PingPong

Private Equity Round in 2022
PingPong is a financial services company that supports international eCommerce sellers by facilitating cross-border payments. Founded in 2015, it has become a trusted partner for over 750,000 online merchants globally, processing more than 90 billion USD in transactions to date. The platform allows sellers to reduce expenses associated with international payments, value-added tax (VAT), and supplier payments. By offering a free account, PingPong enables users to manage marketplace profits more efficiently than traditional banks, streamlining operations through a single interface. The company collaborates with major financial institutions, ensuring compliance with regulatory standards in the U.S., Europe, and Asia while enhancing operational efficiencies for its clients.

PatPat

Series C in 2021
PatPat is an online shopping platform tailored for mothers, providing significant discounts on a variety of products for babies, infants, toddlers, children, and maternity needs. The app features daily deals that can reach discounts of 50-90%, with some items available for free. By maintaining strong relationships with manufacturers, PatPat ensures competitive pricing and a diverse selection of products. The platform makes it easier for mothers to shop efficiently and economically, with new promotional events launching every day at 6am PST.

Dingdong Maicai

Series D in 2021
Dingdong Maicai is a community-based online retail platform in China that specializes in fresh produce and other daily necessities. Founded in 2014 and headquartered in Shanghai, the company leverages technology to enhance its operations, allowing for direct procurement at the point of origin and efficient pre-warehouse distribution. It aims to deliver products to customers' homes in 29 minutes or less, significantly improving the fresh food consumption experience. The service is available in major cities, including Shanghai, Beijing, Shenzhen, Hangzhou, and Suzhou. Dingdong Maicai operates through its mobile application and mini-programs, generating revenue from the sale of fresh groceries and membership services, positioning itself as one of the fastest-growing on-demand e-commerce companies in China.

Tongcheng-Elong Holdings

Venture Round in 2021
Tongcheng-Elong Holdings is a Chinese website based on tours & travels.

New Century Hotel Group

Acquisition in 2021
New Century Hotel Group Ltd. is a prominent hotel management and operating company based in Hangzhou, China, founded in 1988. The group owns and operates a diverse range of hospitality properties, including luxury hotels, business hotels, and resort hotels primarily in eastern China. In addition to managing hotel assets, New Century Hotel Group provides comprehensive services that encompass brand development, system implementation, and technological support. Their expertise extends to pre-opening phases, where they offer technical advice, market and financial feasibility analyses, hotel construction services, and design consultations. The company also facilitates various events by providing facilities for meetings, banquets, celebrations, buffets, and cocktail parties, catering to a wide array of guest needs.

Yuanfudao

Series G in 2020
Yuanfudao, founded in 2012, is the largest online live course platform in China, catering to primary and secondary school students. With over 1 million paying users, it provides a comprehensive curriculum that includes subjects such as English, Mathematical Olympiad, and various all-subject courses for secondary education. The platform features live online tutoring conducted by nationally recognized teachers, allowing students to receive quality education from home. By utilizing big data analysis, Yuanfudao enables students to identify their learning weaknesses and engage in targeted learning, thus enhancing their educational outcomes. The combination of its extensive course offerings and a large pool of qualified educators benefits hundreds of thousands of students across the country.

58.com

Acquisition in 2020
58.com is a prominent Chinese classified advertisements platform that connects local merchants and consumers, allowing them to share information and advertise services within their communities. Launched in 2005 and based in Beijing, the platform serves as a for-profit equivalent of Craigslist in the United States, focusing on providing accessible and credible information to lower-income individuals and the unemployed. It offers a range of services, including targeted advertising, online marketing, and customer relations management. With a user base exceeding 50 million registered users and over 1 million daily posts, 58.com ranks as the leading local life service website in China. The company has expanded its presence to 32 cities and employs 6,500 staff members. Its marketing strategies encompass both online and offline channels, utilizing paid advertisements on search engines and traditional media to enhance visibility. Competitors in the space include Ganji.com and Baixing.com.

Ruby Marie Hotel & Bar

Private Equity Round in 2020
Ruby Marie Hotel & Bar is located in the Stafa Building.

Dragonpass

Private Equity Round in 2019
Dragonpass is a provider of premium travel services that enhances the airport experience for both business and leisure travelers. Through its digital mobile application, the company offers a comprehensive suite of services, including access to airport lounges, an exclusive restaurant program, and concierge services such as VIP terminal access and airport valet parking. Additionally, Dragonpass provides members with exclusive privileges and discounts for various amenities and services at airports, including restaurants, spas, and transportation options like limousines and meet-and-greet services. By focusing on creating a seamless and enjoyable travel experience, Dragonpass positions itself as a leader in the rapidly growing lounge and travel service market.

LvYue

Series A in 2019
LvYue Travel Information Technology (Beijing) Co., Ltd., established in 2016 and based in Beijing, operates within the hotel management sector in China. The company is part of the Luyue Group, which is strategically linked to Ctrip Group and focuses on integrating hotel management with information technology and procurement. Under the leadership of CEO Zhang Qiang, the Luyue Group aims to enhance the tourism industry by leveraging internet innovations and technology to improve operational effectiveness. It utilizes data-driven strategies derived from user information from Ctrip and Qunar.com, alongside its own technology development team. The group is recognized for its innovative systems, including the Aladdin global intelligent location system and XPMS, which facilitate the management of non-standard hotels through a comprehensive service approach.

Beeplus Co-working Space

Series B in 2019
Beeplus Co-working Space, officially known as Zhuhai Beeplus Technology Co., Ltd, was established in 2015 and is headquartered in Zhuhai, China. The company offers shared workspaces, conference rooms, and a range of services tailored to entrepreneurs, freelancers, startups, artists, small businesses, and larger corporate divisions. Beeplus is recognized for its innovative approach, utilizing container construction to create joint office spaces and cultural activity platforms. By focusing on enterprise parks and university campuses, Beeplus aims to foster a community for young individuals aged 20 to 30, promoting collaboration and a new lifestyle among its members. The company serves a diverse clientele within China, providing an environment conducive to productivity and networking.

PingPong

Series D in 2019
PingPong is a financial services company that supports international eCommerce sellers by facilitating cross-border payments. Founded in 2015, it has become a trusted partner for over 750,000 online merchants globally, processing more than 90 billion USD in transactions to date. The platform allows sellers to reduce expenses associated with international payments, value-added tax (VAT), and supplier payments. By offering a free account, PingPong enables users to manage marketplace profits more efficiently than traditional banks, streamlining operations through a single interface. The company collaborates with major financial institutions, ensuring compliance with regulatory standards in the U.S., Europe, and Asia while enhancing operational efficiencies for its clients.

eHi Car Rental

Acquisition in 2018
eHi (一嗨租车) is a Chinese car rental platform that utilizes an advanced vehicle management system. Founded in January 2006, eHi is aiming to provide comprehensive car rental services to both retail and corporate clients. Headquartered in Shanghai, eHi offers car rental services nation-wide with more than 500 outlets located in more than 80 cities. So far, eHi has become the designated car service provider for most of the Fortune 500 companies that have operations in China. It has corporate clients from energy, education, advertisement, finance, and manufacturing industries. Meanwhile, with a comprehensive service offering that covers both self-drive and chauffeur drive, eHi has also evolved to be the preferred choice for business travelers as well as urban white-collars when they are on the road.

MyDreamPlus

Series C in 2018
MyDreamPlus is a co-working space startup established in May 2015, focusing on providing a technologically advanced working environment. The company integrates space design, smart office management, and community operations to create high-quality shared office spaces. MyDreamPlus has developed an innovative management system that allows users to address various office-related tasks via their smartphones, such as unlocking doors, booking meeting rooms, and sharing Wi-Fi passwords. With over 20 locations primarily in major cities like Beijing and Chengdu, MyDreamPlus serves more than 300 enterprises, 90% of which are established companies, including notable names like COFCO, Chinese TAL Education Group, and Airbnb. The company's approach caters to a diverse clientele, including startups, freelancers, small and medium enterprises, and corporate teams, offering them a versatile and modern workspace experience.

Lefull

Series B in 2018
Lefull is a service company focused on housing rental operations and asset management. It specializes in property management services, which include furnishing, cleaning, and security for high-quality apartment buildings. The company aims to create private and welcoming living environments for young renters. Additionally, Lefull provides a range of services such as acquisition, construction management, investment consultation, and technical support for the planning and design of rental housing projects. They also conduct market feasibility research, offer strategic recommendations, and provide brand remodeling guidance, ensuring comprehensive support for the development of smart community proposals and rental housing initiatives.

Zouchu Qu

Series A in 2018
Zouchu Qu offers global HR solutions for healthcare, hospitality, construction, catering, retail, civil and mechanical engineering sectors.

MyDreamPlus

Series B in 2018
MyDreamPlus is a co-working space startup established in May 2015, focusing on providing a technologically advanced working environment. The company integrates space design, smart office management, and community operations to create high-quality shared office spaces. MyDreamPlus has developed an innovative management system that allows users to address various office-related tasks via their smartphones, such as unlocking doors, booking meeting rooms, and sharing Wi-Fi passwords. With over 20 locations primarily in major cities like Beijing and Chengdu, MyDreamPlus serves more than 300 enterprises, 90% of which are established companies, including notable names like COFCO, Chinese TAL Education Group, and Airbnb. The company's approach caters to a diverse clientele, including startups, freelancers, small and medium enterprises, and corporate teams, offering them a versatile and modern workspace experience.

Alliancc Art Group

Corporate Round in 2018
Alliancc Art Group is a Chinese company based in Shenzhen that operates a music complex, which includes music restaurants and music pubs. In addition to its hospitality ventures, the company offers music training and artists agency services. Its involvement extends to various industries such as bars, KTV, real estate, logistics, software development, and hotels. Alliancc Art Group also invests in media productions and educational initiatives focused on actor and musician training, further diversifying its business portfolio.

Mafengwo

Series D in 2017
Mafengwo is a prominent Chinese travel social networking site that facilitates the sharing of travel experiences among users. The platform boasts over one million entries of user-generated travel guides and more than five million ratings and reviews, catering to a diverse array of travel-related needs, including information on hotels, flights, travel routes, visas, and insurance. Since its inception, Mafengwo has served over 25 million users, emphasizing user experience by continually enhancing its social platform for sharing travel information. Its core product, the Travel Guide, encompasses more than 95% of global travel destinations and has surpassed 100 million downloads. In 2012, Mafengwo expanded its offerings by integrating booking services from major platforms such as Booking, Agoda, Ctrip, and eLong, further solidifying its position in the travel industry.

Yitiao

Series C in 2017
Yitiao is an online video content producer and e-commerce start-up.

Joint Wisdom

Post in 2016
Joint Wisdom specializes in providing data analytics solutions for the hotel industry. The company offers a comprehensive suite of services, including hotel big data, property management systems, and a platform for managing hotel reviews and data. Additionally, Joint Wisdom conducts OTA quality inspections and provides tools for hotel quality assessments. Their solutions enable hotels to better understand consumer needs, enhance their market positioning, and develop tailored products and services. By integrating big data and cloud-based technology, Joint Wisdom supports hotel brands in optimizing their operations and revenue management strategies.

ByteDance

Venture Round in 2016
ByteDance is a technology company that develops and operates a range of content platforms, most notably TikTok and Douyin. It aims to enhance user experiences through innovative technology, allowing individuals to connect, create, and consume content seamlessly. The company specializes in mobile applications that cater to online media, entertainment, and social networking, leveraging artificial intelligence to deliver personalized content that aligns with users' preferences. In addition to its flagship platforms, ByteDance provides tools that facilitate content creation and collaboration, reflecting its commitment to enriching lives through technology.

Mind Education

Private Equity Round in 2015
Mind Education is a prominent educational organization based in Beijing, China, specializing in study-travel services for children aged 3 to 18. Founded as an alumni enterprise of Tsinghua University, the company has developed a comprehensive system of over 200 educational products aimed at enhancing social competence and quality-oriented education. Its offerings include domestic and international summer camps, winter camps, themed camps, parent-child programs, and teacher training initiatives. Since its inception in 2002, Mind Education has served nearly 10,000 primary and secondary schools, providing high-quality educational experiences both within China and abroad. The organization operates from its headquarters in Tsinghua Science Park and has established branches across several provinces. With a dedicated workforce of over 300 full-time employees and a large network of part-time staff from esteemed universities, Mind Education is committed to ensuring that every child has the opportunity to participate in enriching study tours.
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