New firm targets China tourism, aims to beat typical PE returns
US private equity manager General Atlantic and Chinese travel agency Ctrip are backing a new investment firm, Ocean Link. Tony Jiang, a partner at the new entity, speaks about its plans.
US private equity firm General Atlantic has partnered Chinese travel agency Ctrip to back Ocean Link, a PE venture dedicated to investing in the fast-growing mainland tourism sector. It has raised $400 million for deals and is looking to bring in more capital this year.
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