CITIC Capital Partners, the private equity arm of CITIC Capital, has led a CNY230 million (approximately US$35 million) financing round for China-based virtual reality headset manufacturer Baofeng Mojing. China-based gaming company Tianshen Hudong and an investment fund launched by Baofeng Mojing’s parent company Baofeng Technology also participated in the round, along with the following existing investors: film production company Huayi Brothers, musical instrument manufacturer Tianyin, mobile products retailer Shenzhen Aisidi and China-focused venture capital firm Shenzhen Green Pine Capital Partners. Baofeng Mojing develops headsets that can be used to watch videos and play games on smart phones, as well as virtual reality cameras and other equipment.