Chinese auto parts maker Kasco raises $72m in Series B round

HONG KONG -- China's Kasco, also known as KH Automobile Technology, a producer of vehicle air suspension systems, this week said it had raised 510 million yuan ($72.4 million) in a Series B funding round.

The round was led by China Venture Capital, a joint venture between CRRC Corp and Guochuang Investment Fund Manager, Source Code Capital and Shenzhen Capital Group.