Bitauto will retain a 47% equity stake in Yixin Capital and will have a majority of voting power at the board upon closings.

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Financial data provider Fitch Group is collaborating with Hearst Media's business division on Financial Venture Fund, which will invest in financial information, services and technology startups.

Financial services firm UniCredit is an anchor investor in the digital fintech venture capital and advisory firm's first dedicated fund, which has reached a $60m first close.

ProSiebenSat.1 and Axel Springer both took stakes in the insurance management platform, making media-for-equity investments as part of a $14.8m round.

The insurance group will provide mentorship and business development support to startups in Plug and Play Tech Center's insurance vertical.

Anju Patwardhan, formerly chief innovation officer at Standard Chartered Bank, will make strategic fintech and VC fund investments on behalf of lending platform CreditEase.

Itochu was among the investors in the cardless payment platform's latest round, following funding from backers including Recruit and CyberAgent.

Sistema led the gift card provider's series B round, which included returning investors Amazon, Accel Partners and Helion Venture Partners.