China's Ocean Link raises $580m Fund II for travel, consumer tech deals: Report

China's Ocean Link raises $580m Fund II for travel, consumer tech deals: Report

Passengers ride on a ferry as it travels past the Oriental Pearl Tower the Pudong Lujiazui Financial District in Shanghai, China, on Tuesday, Nov. 13. 2018. Photographer: Qilai Shen/Bloomberg

Ocean Link has raised $580 million for its second fund as the Shanghai-based private equity firm continues its focus on China’s tourism and consumer technology sectors, Asia Venture Capital Journal (AVCJ) reported on Wednesday.