Feiyu Technology, a Chinese mobile and web game developer, has filed for an IPO on Hong Kong market. Xiamen Haloer and CAIROT, two of China’s leading game developers, merged together into Feiyu Technology July this year for scale operation. Legendary Chinese angel investor Cai Wensheng is the backer for both of the companies.

Founded in 2009, Xiamen Haloer is the developer of the hugely popular RPG web game Shenxiandao. It then shifted focus to mobile games with the release of a mobile version of Shenxiandao. Other blockbuster games developed by the company include Jiongxiyou and Luanshi.

On the other hand, CAIROT is the operator of casual games Carrot Fantasy and Carrot Fantasy II, which have amassed more than 100 million users since the launch of the franchise in Aug. 2012. The average monthly active user of Carrot Fantasy exceeds 16.90 million in 2013, according to data from iResearch.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.