Beijing-based online art trading platform Hihey.com has received undisclosed series B round of financing from CITIC Securities and Shenzhen Capital Group Co., Ltd., according to a company announcement.
The round values the art trading website at close to US$100 million.
The company previously received undisclosed amount series A investment from Minsheng Banking Corp.
Launched in 2011, Hihey.com has contracted 10,000 artists with 20,000 registered buyers. Its cumulative trading value has totaled RMB100 million.