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Although the car rental site just filed its IPO, it faces an onslaught of competition for app-based and car-sharing services that are growing in popularity around Asia.
What’s Shenzhou Zuche? It’s China’s top car rental site and service. The startup had just a few hundred self-drive rentals in 2009, but it’s now grown to 55,400 vehicles, according to China Auto Rental’s IPO filing.