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General Atlantic, Ctrip form strategic partnership with Ocean LinkGeneral Atlantic and Ctrip have formed a strategic partnership with Ocean Link, a PE firm focused on the travel and tourism sector of China. Financial terms weren’t announced but the Wall Street Journal said Ocean Link is starting with an initial $400 million of capital. Ocean Link’s first investments include eLong, Mind Education, Joint Wisdom and Ruby Hotels.
- General Atlantic backs China tourism-focused firm
Investment firm Ocean Link has already made four investments in China’s $250bn-plus tourism sector using capital from the global growth equity firm and a consortium of other investors.