The virtual reality headset maker has attracted funding from investors including film studio Huayi Brothers, which participated as an existing backer.

China-based virtual-reality (VR) headset producer Baofeng Mojing has secured RMB230m ($35m) in series B capital from a consortium featuring film production company Huayi Brothers, China Money Network has reported.

The round was led by investment manager Citic Capital and also included venture capital firm Green Pine Capital Partners. The transaction values the company at $213m.

Formed as a subsidiary of video streaming platform Baofeng, Baofeng Mojing produces a headset into which users can slide their smartphone to turn it into…