FORTUNE:CITIC Securities, SZVC Lead Series B For hbc17.com

Beijing-based online art trading platform hbc17.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。

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