Baofeng Magic Glasses, an affiliate of Baofeng Technology, an A-share listed company in China, and the largest supplier of VR glasses in China, announced today that it had raised RMB 230 million in Series B financing.  The round was led by CITIC Group's CITIC Capital, with participation from Hanhai Capital, Storm Xinyuan and several other institutional investors.  
CEC Capital (formerly China eCapital) served as the exclusive financial advisor to Baofeng Magic Glasses in this Transaction.