Ocean Link
China investors plan to step up activity – AVCJ Forum
Investors told the AVCJ Private Equity & Venture Forum that they are looking to accelerate their pace of investment in China next year despite economic and regulatory challenges.
China beauty retailer Harmay raises $200m
Harmay, a China-based omnichannel beauty products retailer, has raised USD 200m across Series C and D rounds.
PE consortium cuts 51job take-private offer by 28%
A private equity consortium pursuing a take-private of US-listed Chinese online recruitment platform 51job has cut its offer price by 28%, citing deteriorating market conditions, regulatory tightening in China, and the continuing impact of COVID-19.
Investors see China regulatory turbulence as short-term - AVCJ Forum
Regulatory uncertainty overshadowing China's technology sector is a temporary phenomenon, investors told the AVCJ Private Equity & Venture Forum, while noting that targeting areas favored by the government remains a safe play.
PatPat raises $510m across Series C, D rounds
PatPat, a Chinese-founded children’s wear brand that claims to be the world’s largest direct-to-consumer (DTC) player in its segment, has raised $510 million across two rounds of funding.
Asia fundraising: Fortune favors the bold?
LPs cannot survive indefinitely on re-ups and new commitments to managers they know well. Questions are being asked internally as to what it would take to back an Asian GP sight unseen
PE investors agree $5.7b 51job take-private
A consortium led by DCP Capital Partners has finalized terms for a $5.7 billion privatization of US-listed Chinese online recruitment platform 51job.
Ocean Link, Sequoia seal China hotel operator take-private
Ocean Link and Sequoia Capital China have completed the $190 million privatization and subsequent delisting of Zhejiang New Century Hotel Management.
Ocean Link joins consortium pursuing 51job take-private
DCP Capital Partners has enlarged the consortium seeking to acquire Chinese online recruitment services platform 51job with the addition of Ocean Link Capital and the target company’s CEO.
PE-backed property platform Anjuke to go public in Hong Kong
Anjuke, a Chinese online property marketplace controlled by classifieds player 58.com, has filed for a Hong Kong listing. It follows a $250 million pre-IPO funding round featuring two Hong Kong property developers.
Fund focus: LPs endorse Ocean Link's China tourism, tech thesis
Ocean Link has raised $580 million for a second fund targeting China travel, tourism and consumer technology assets, but the firm believes co-investment could take aggregate deployment to $1.4 billion
Asia travel & hospitality: Ready to board?
The outlook for international tourism remains uncertain, but this hasn’t stopped some private equity and venture capital investors targeting travel and hospitality assets in Asia. It pays to be selective
PE investors agree $8.7b take-private of China's 58.com
58.com, China’s leading online classifieds marketplace, has agreed to be acquired by a consortium of private equity investors at an implied equity valuation of $8.7 billion.
Warburg Pincus, General Atlantic back privatization of China's 58.com
Warburg Pincus and General Atlantic have thrown their support behind Ocean Link’s proposed $7 billion privatization of 58.com, China’s leading online classifieds marketplace.
Ocean Link seeks $7b privatization of China's 58.com
Ocean Link, a Chinese private equity firm that targets travel, tourism and related consumer subsectors, has made a take-private offer for online classifieds marketplace 58.com that values the business at approximately $7 billion.
China investment: Looking up in a downturn
Private equity firms that held back from investing in 2018 as uncertainty gripped China’s economy now see reasons to get busy again. With few macro tailwinds, GPs will be judged on their ability to pick winners
Tencent-backed Tongcheng-Elong gains 26% on HK debut
Tongcheng-Elong, a Chinese online travel services company backed by Tencent Holdings, Ctrip and local PE player Ocean Link, surged on its Hong Kong trading debut following a HK$1.62 billion ($207 million) IPO.
GPs need industry networks to source China buyouts - AVCJ Forum
Private equity firms should establish deep connections within target industries if they are to take advantage of China's emerging buyout opportunity, industry participants told the AVCJ Forum.
GA, Hillhouse lead $120m Series C for Chinese co-working space
MyDreamPlus, a Beijing-based co-working space provider, has raised $120 million in Series C funding led by General Atlantic (GA) and Hillhouse Capital.
China online travel service provider files for HK IPO
Tongcheng-eLong, a Chinese online travel services company backed by Tencent Holdings and domestic travel leader Ctrip, has filed for a Hong Kong IPO.
Ocean Link confirms competing bid for China's eHi
Ocean Link, a travel and tourism-focused GP, has confirmed it submitted a competing bid for eHi Car Services, a Chinese car rental business that recently agreed to be privatized by a consortium comprising its chairman and other PE investors.
MBK, Baring Asia agree $937m take-private for China's eHi
A consortium including MBK Partners and Baring Private Equity Asia has agreed to buy US-listed eHi Car Services, China’s second-largest car rental services business, for an enterprise valuation of $937.5 million.
Q&A: Ocean Link's Tony Jiang
Tony Jiang spent a decade at The Carlyle Group before co-founding Ocean Link, China’s first travel and tourism-focused PE firm. He shares his thoughts on the rise sector specialization