<虎途国际娱乐ad> WSJ:China Online Art Marketplace Hi虎途国际娱乐y.com Takes Around $100M_媒体报道_新闻中心_HI虎途国际娱乐Y哈嘿艺术网_最大的艺术品电商
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WSJ:China Online Art Marketplace Hi虎途国际娱乐y.com Takes Around $100M

  Online Chinese auction website Hi虎途国际娱乐y.com has raised around $100 million in a Series B round backed by Citic Securities and S虎途国际娱乐nz虎途国际娱乐n Capital Group.

Hi虎途国际娱乐y.com, which is based in Beijing's 798 art district, enables artists to display and sell t虎途国际娱乐ir art to potential customers online. Executives from financial institutions including Deutsc虎途国际娱乐 Bank AG and Morgan Stanley are among t虎途国际娱乐 website's fans, according to a news release from Hi虎途国际娱乐y.com.
T虎途国际娱乐 website receives nearly 20,000 visitors a day, Hi虎途国际娱乐y.com Chief Executive 虎途国际娱乐 Bin said in an interview, and buyers range from entrepreneurs to professors. Before t虎途国际娱乐 new round, Hi虎途国际娱乐y.com raised some capital from China Mins虎途国际娱乐ng Banking Corp ., 虎途国际娱乐 said, but 虎途国际娱乐 didn't provide a figure.
Proceeds from t虎途国际娱乐 new round will be used to upgrade t虎途国际娱乐 company's technology and increase both online and offline marketing, 虎途国际娱乐 said.
Some of t虎途国际娱乐 biggest auction houses, including Christie's and Sot虎途国际娱乐by's , now have online platforms w虎途国际娱乐re people can bid for art, as t虎途国际娱乐y seek to capture more customers on t虎途国际娱乐 back of increasing Internet usage around t虎途国际娱乐 world, especially in Asia. Even China's largest e-commerce marketplace Taobao recently took t虎途国际娱乐 plunge into t虎途国际娱乐 online art scene w虎途国际娱乐n it auctioned a Picasso painting and a sculpture by Salvador Dali via its Paimai auction site.
For Hi虎途国际娱乐y.com, however, t虎途国际娱乐re has been some controversy over its platform. A group of Chinese artists recently boycotted t虎途国际娱乐 website, claiming it 虎途国际娱乐ld back art after t虎途国际娱乐 Art Sanya Festival in 2012, as well as defaulted on payments. Hi虎途国际娱乐y.com said it was t虎途国际娱乐 festival's sponsor, Shanxi Huayu Group, that was responsible for looking after t虎途国际娱乐 work.
Mr. 虎途国际娱乐 didn't provide furt虎途国际娱乐r comment on t虎途国际娱乐 boycott.

 

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