LeEco has invested $27m in a series B round for online finance platform Lancai, which had previously raised cash from investors including Legend Holdings.

Yingcan-affiliated online lending platform Touzhijia.com has taken its overall funding to $17m with a series A round led by CDF Capital.

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Citi's strategic investment subsidiary has hired Travis Skelly from venture capital fund FinTech Collective as a senior vice-president.

Fast food chain Ajisen Ramen has committed $17m to a series B round for advanced point-of-sales system producer Yunnex.

Online capital market operator Axial took its overall funding to $33.5m since 2010 as Comcast Ventures made its second investment in the company.

Mobile payment technology provider Citrus Pay is set to be bought for up to $180m in a cash deal that will allow e-commerce companies eContext and Beenos to exit.