Shenzhen Huanuo Innovation was among the investors in a series B-plus round that will help the electronic components trading platform expand warehouse capacity.

China-based electronic components trading platform ICHunt closed a RMB160m ($23m) series B-plus round on Monday that included digital video technology developer Shenzhen Huanuo Innovation.

The round was co-led by two subsidiaries of securities firm Haitong Securities – Haitong Innovation Securities Investment and Haitong Kaiyuan Investment – and included Beijing Wenhua Haihui and Hua Partners.

Founded in 2015, ICHunt operates an online platform where a user base of about 3 million, many of which are small and medium-sized businesses, can buy…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.