DST Global led a $140m Series C round in Fenbeitong, a China corporate spend start-up, with participation from Hillhouse, Ribbit, Stau, Glade Brook, BitRock, D1 Capital Partners, WhaleRock, P7 Ventures and Emergence. "It’s all rooted in the vision of building a one-stop corporate spend platform. To achieve that, we partnered with airlines, hotels, rideshare platforms, and dining platforms to create a seamless travel management experience, invested heavily in building the budgeting and expense control solutions that work for companies in China, and cooperated with multiple banks to set up one-for-all digital accounts," Henry Lan, Fenbeitong CEO.