News Snapshot:
By Yifan Wang Chinese electric logistics vehicle rental firm DST Car Rental (Shenzhen) Co. has raised $100 million in its latest financing, as the company seeks to expand its rental network in China and push into overseas markets. The funding round was led by Ingka Investments, a unit under the world's largest IKEA franchisee and operator, Ingka Group. SMRT Ventures, China Securities Investment Capital, as well as existing shareholders Bojiang Capital and Matrix Partners China also participated in investment. DST, which rents out electric trucks and vans to logistics companies, plans to use the new funds to add new features...
