Ocean Link is a Shanghai-based private equity firm focused on Asia's consumer, travel, tech, and financial service sectors. Founded in 2016, the firm manages two USD-denominated funds and several co-investment vehicles, with its second fund closing at $580 million in 2021.
37% of their portfolio is in E-Commerce & Marketplace. Average disclosed round size is $501.4M (across 9 rounds with reported amounts).
Portfolio
9
Fund Size
$580M
Top Stage
Series D
Last 12 Mo
0
Team
AZ
Alex Zheng
Partner & Board Director Ocean Link
TT
Tony Tianyi Jiang
Partner & Board Director Ocean Link
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Harmay | Series C | $200M | Jan 2022 |
| Harmay | Series D | $200M | Jan 2022 |
 Patpat | Series C | — | Jul 2021 |
| Patpat | Series D | — | Jul 2021 |
| Patpat | Series C | $160M | Jan 2021 |
| Patpat | Series D | — | Jan 2021 |
 Dingdong Maicai | Series D | — | Jan 2021 |
 Yuanfudao | Series G | $2.2B | Oct 2020 |
| Yuanfudao | Series G | — | Mar 2020 |
| DDingdong | Growth | $300M | Jan 2020 |
| Yuanfudao | Series G | $1B | Jan 2020 |
| LLvyue | Series A | — | Nov 2019 |
| LLvyue | Series A | — | Jan 2019 |
| DDragonpass | Series B | $20M | Jan 2019 |
| Yuanfudao | Growth | $300M | Dec 2018 |
| MMafengwo | Series D | $133M | Dec 2017 |
| DDingdong | Series A | — | — |
| DDingdong | Series B | — | — |
| YYitiao | Series C | — | — |
Top Co-Investors
DST Global8 shared
General Atlantic8 shared
Hillhouse Investment6 shared
IDG Capital5 shared
Greenwoods Asset Management4 shared
Tencent Investment4 shared
Boyu Capital4 shared
Warburg Pincus LLC4 shared
GGV Capital4 shared
Sequoia Capital4 shared
GIC Private Limited3 shared
Blackstone Inc.3 shared
Danhua Capital3 shared
SIG Asia Investment3 shared
The Goldman Sachs Group, Inc.3 shared
CPE2 shared
CITICPE2 shared
TBP2 shared
Last updated: 20 October 2026