Netease Tech, 12/20/11
WI Harper Group today announced that the Innovation Works Development Fund, which is jointly administered by Innovation Works and WI Harper, will invest in Beijing-based mobile game developer and operator Leiyoo. Both investors will gain a seat on the company's board of directors.
Established in September 2010, Leiyoo has already received angel investment from Kai-fu Lee, founder of Innovation Works. CEO Huang He previously held various positions at Chinese telecom equipment and terminal manufacturer Huawei and Tencent (0700.HK) including engineer, product manager and product director. The company's CTO, Zhao Fei, has eight years of mobile game development experience, having already held positions with social networking site operator Renren (NYSE: RENN) and Beijing-based mobile game developer and operator T4Game Information Technology. The team owns full intellectual property rights and core technologies for a mobile browser and a mobile gaming engine. Leiyoo also posses dozens of overseas and domestic patents in the field of HTML 5-based technologies. The company is currently developing its first HTML 5-based mobile game and social game platform for the Chinese domestic market, called the "Duo Pao" gaming platform.