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                                                                    EXHIBIT 10.6

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                              EMPLOYMENT AGREEMENT

                                      Among

                              GUANGXIN LI (MICHAEL)

                                       And

                                  LINKTONE LTD.

                            Dated as of April 1, 2003

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                     THIS EMPLOYMENT AGREEMENT ("Agreement")
                          is made and entered into this

                             1st day of April, 2003
                             (the "Effective Date")

                                 by and between

                              GUANGXIN LI (MICHAEL)
                                (the "Employee")

                                       and

                           LINKTONE LTD. (THE COMPANY)

BACKGROUND

WHEREAS the Employee and Linktone Ltd. (a Cayman Islands-based corporation) have
entered into the Original Employment Agreements dated March 18, 2003 and desire
to terminate such agreements.

WHEREAS the Employee and the Company desire to enter into this Agreement for the
purpose of retaining the services of the Employee, and wishes to provide the
Employee with an inducement to remain with the Company;

WHEREAS the Employee has been employed by the Company

NOW, THEREFORE, intending to be legally bound, and in consideration of the
premises and the mutual promises set forth in this Agreement and for other good
and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and Employee agree as follows:

DEFINITIONS

"Affiliate" means with respect to any Person directly or indirectly Controlling,
Controlled by, or under common Control with such Person.

"Board" means Board of Directors.

"Cause" (i) Employee commits a crime involving dishonesty, breach of trust, or
physical harm to any person; (ii) Employee willfully engages in conduct that is
in bad faith and materially injurious to the Company, including but not limited
to, misappropriation of trade secrets, fraud or embezzlement; (iii) Employee
commits a material breach of this Agreement, which breach is not cured within
twenty (20) days after written notice to Employee from the Company; (iv)
Employee willfully refuses to implement or follow a reasonable and lawful policy
or directive of the Company, which breach is not cured within twenty (20) days
after written notice to Employee from the Company; or (v) Employee engages in
malfeasance demonstrated by a pattern of failure to perform

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job duties diligently and professionally.

"Change in Control" shall be as defined in Section 4.32.

"Change in Control Audit Date" shall be the date upon which the Board of
Directors of the Company and at least two out of the three of Acer IP Fund I
Ltd, Jun Wu and Lunar Occidental Group LLC, certifies the audited accounts of
the company for the first complete fiscal year, commencing on January 1st and
ending on December 31st, after the Change in Control

"Change in Control Percentage of Stock Options" shall be 25%.

"Change in Control Remaining Percentage of Stock Options" shall be 75%.

"Change in Control Stock Option Exercise Date" shall be the earliest possible
date upon which the value of one share of stock in the Company can be determined
based upon any transaction resulting in a sale of a majority of shares owned by
Common, Series A, Series B, Series C, Series D or Series E Shareholders, or as
can be otherwise determined, in good faith, by the Board of Directors of the
Company.

"Company" as defined in Preamble.

"Compensation Package Amount" shall be US$145,000 per annum for the period from
the Effective Date through December 31, 2003, and shall be US$170,000 per annum
thereafter, only and for purposes of definition shall not include any other
compensation including stock option awards.

"Control" (including the terms "Controlled by" and "under common Control with")
means the possession, directly or indirectly or as a trustee or executor, of the
power to direct or cause the direction of the management of a Person, whether
through the ownership of stock, as a trustee or executor, by contract or credit
agreement or otherwise.

"Effective Date" as defined in Preamble

"Employee" as defined in Preamble

"Employment Capacity" shall be Chief Operating Officer reporting to the Chief
Executive Officer of the Company.

"Employment Change of Control Termination Date" shall be the later of (i) 6
months after the Change in Control Audit Date; (ii) one year from the date of a
Change of Control; or (iii) the date on which either the Company or the Employee
elects not to extend the Agreement further by giving written notice to the other
party.

"Employment Contract Termination Date" shall be the later of April 1, 2005 or
the date on which either the Company or the Employee elects not to extend the
Agreement further by giving written notice to the other party.

"Employment Final Termination Date" shall be the date upon which the Employee's
employment with the Company ceases for any reason.

"Employee Stock Option" shall be the right given by the Company to the Employee
on specific vesting dates during the Employment Term to purchase a specific
number of Ordinary Shares of the

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Company, par value USD 0.01, at a specific strike price, for a length of time
equal to the earlier of 10 years from the Effective Date, 6 months after the
Employee Final Termination Date, or the Change in Control Stock Option Exercise
Date, subject to the Change in Control provisions in Section 4.3.

"Employment Term" shall be as defined in Section 1.1.

"Exchange Act" means the Securities and Exchange Act of 1934, as amended.

"Good Reason" in the context of the employee's resignation is defined as (a) a
change in the employees position which materially reduces the employee's level
of responsibilities, duties or stature; (b) reduction in the employee's
compensation or (c) a relocation of the employee's principal place of employment
by more than 50 miles.

"Monthly Rate of Compensation" shall be the amount in US Dollars of the
Compensation Package Amount divided by 12.

"Option Exercise Date" is the lesser of 10 years from the date first written
above, or 6 months from Employment Termination.

"Person" means an individual, corporation, partnership, limited liability
company, limited partnership, association, trust, unincorporated organization or
other entity or group (as defined in Section 13(d)(3) of the Securities and
Exchange Act of 1934, as amended).

"Qualified Public Transaction" shall mean an underwritten public offering of
Ordinary Shares of the Company at a public offering price that values the
Company as a whole at no less than US $150,000,000 and yields gross proceeds to
the Company in excess of US$30,000,000.

"Six Month Cliff Vesting Schedule" shall mean (i) an installment of the stock
option award equal to 1/8th of the total award vesting six months from the
Effective date; and (ii) the remaining 7/8ths of the stock option award vesting
in equal monthly installments over the following 3.5 years.

"Subsidiary" means, with respect to any Person, any entity which securities or
other ownership interests having ordinary voting power to elect a majority of
the Board of Directors or other persons performing similar functions are at the
time directly or indirectly owned by such Person.

ARTICLE I. EMPLOYMENT AND TERM

The Company employs Employee and the Employee hereby agrees to such employment
by the Company during the Employment Term to serve as the Chief Operating
Officer of the Company, with the customary duties, authorities and
responsibilities of such position and such other duties, authorities and
responsibilities relative to the Company that may from time to time be delegated
to Employee by the officers of the Company. . Employee shall perform such duties
and responsibilities as are normally related to such position in accordance with
the standards of the industry and any additional duties now or hereafter
assigned to Employee by the Company. Employee shall abide by the Company's
rules, regulations, and practices as they may from time-to-time be adopted or
modified.

1.1      EMPLOYMENT TERM. The Employment Term of this Agreement shall commence
         on the Effective Date and shall continue until the earlier of the
         Employment Contract Termination

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         Date or the Employment Final Termination Date, except in the event that
         a Change in Control occurs prior to the Employment Contract Termination
         Date.

1.2      FULL WORKING TIME. During the Employment Term, the Employee shall
         devote her or his attention, experience and efforts during normal
         business hours to the proper performance of her or his duties hereunder
         and to the business and affairs of the Company.

1.3      If a Change in Control occurs prior to the Employment Contract
         Termination Date, then the terms outlined in Section 4.3 shall apply.

ARTICLE 2. COMPENSATION PACKAGE AMOUNT

2.1      COMPENSATION PACKAGE AMOUNT PLUS BENEFITS IN KIND. During the
         Employment Term, as compensation for services hereunder, Employee shall
         be paid the Compensation Amount; or such greater amount as may from
         time to time be approved by the Board of Directors ("Board") (such
         salary, as increased from time to time, the "Base Salary"). Base Salary
         shall be payable in monthly installments of US$ and Chinese RMB.

         The Compensation Package a Amount plus Benefits in Kind shall include
         all compensation and Benefits in Kind described in any agreements
         signed between Employee and the Company, or its subsidiaries, should be
         entailed in the Compensation Package Amount and none of them should be
         treated as additional to the Compensation Amount specified in Page 2.

2.2      BENEFITS IN KINDS INCLUDES THE FOLLOWING:

         Housing Allowance (Rental, household utilities, telephone)
         Family Visits Allowance
         Meal Allowance
         Taxi Allowance
         Child Education Fees
         Laundry Allowance
         Transportation Allowance

         The Employee's benefits in kinds per annum shall be no more than USD
         $20,000.

         All the allowances will be paid according to actual expense and proper
         receipts/invoices will be required.

2.3      INDIVIDUAL INCOME TAX. The Company will pay individual income tax in
         respect of the Compensation Package Amount on behalf of the Employee
         according to PRC taxation laws and the tax amount will be deducted from
         the Employee's monthly base salary.

2.4      BENEFITS. The Employee shall participate in the plans or programs
         maintained by the Company for its expatriate employees generally that
         provide insurance, medical benefits, retirement benefits, or similar
         fringe benefits subject to the terms and eligibility requirements of
         such plans. Insurance premium for the employee is up to US$2,000 per
         annum

         The Employee shall be entitled to four weeks of paid vacation each
         calendar year of the

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         Employment Term, which must be taken in accordance with the Company's
         vacation policy then in effect.

2.5      EXPENSES. The Company shall pay or reimburse the Employee for
         reasonable business expenses actually incurred or paid by the Employee
         during the Employment Term, in the performance of her services
         hereunder.

2.6      STOCK OPTION AWARDS.

         2.6.1    The Employee will be granted the following Employee Stock
                  Options during the Employment Term:

                  2.6.1.1  An Employee Stock Option on 45,701 Ordinary Shares of
                           the Company representing 2% of the total shares
                           outstanding including the employee stock option plan
                           , subject to the Six Month Cliff Vesting Schedule, at
                           a strike price per option equal to (i) in the event
                           of a change in control as indicated in Section
                           4.3.1.4.2.; or otherwise (ii) US$5.

                  2.6.1.2  An Employee Stock Option on the number of Ordinary
                           Shares of the Company based on the milestones listed
                           below, subject to the Six Month Cliff Vesting
                           Schedule, Audited Financial Accounts certified by the
                           auditor of the Company and calculated on the
                           Calculation Date in good faith by the Board of
                           Directors of the Company, and at a strike price per
                           option equal to (i) in the event of a change in
                           control as indicated in Section 4.3.1.4.2.; or
                           otherwise (ii) US$5.

<TABLE>
<CAPTION>
    MILESTONE                      NUMBER OF OPTIONS            CALCULATION DATE
---------------------  -------------------------------------   -------------------
<S>                    <C>                                     <C>
2003 Gross Profit      17,138 * [(Gross Profit- 6,000,000) /   December 31st, 2003
USD 6-9m               3,000,000]
                       (Maximum of 17,139)

2003 Net Profit        17,138 * (Net Profit / 4,000,000)       December 31st, 2003
USD 2-4m               (Maximum of 17,139)
</TABLE>

         2.6.2    In the event of a Qualified Public Transaction, all stock
                  options currently held by the employee (including stock earned
                  to date as a Stock Option Incentive. the Calculation Date for
                  which shall be the date of the Qualified Public Transaction),
                  shall accelerate by 1 year

         2.6.3    In the event of a Change in Control, the additional terms
                  outlined in Section 4.3 shall apply.

ARTICLE 3. TERMINATION

3.1      GENERAL.

3.1.1    COMPANY RIGHT TO TERMINATE. The Company shall have the right to
         terminate the employment of the Employee at any time with or without
         Cause but the relative rights and obligations of the parties in the
         event of any such termination or resignation shall be determined under
         this Agreement.

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3.1.2    Employee Right to Terminate. The Employee shall have the right to
         resign for any reason with 30 days notice to the Company, but the
         relative rights and obligations of the parties in the event of any such
         resignation shall be determined under this agreement ("Employee
         Resignation", and the date of notice by the Employee to the Company of
         which shall be the "Employee Resignation Date").

3.2      TERMINATION UNDER CERTAIN CIRCUMSTANCES.

         3.2.1    TERMINATION WITHOUT SEVERANCE BENEFITS. In the event the
                  Employee's employment with the Company is terminated prior to
                  the expiration of the Employment Term by reason of (i) the
                  Employee's resignation for any or no reason, or (ii) the
                  Employee's discharge by the Company for Cause or gross
                  negligence, as determined by a majority of the Board of
                  Directors and defined herein, this Agreement shall terminate
                  including, without limitation, the Company's obligations to
                  provide any compensation, benefits or severance to the
                  Employee under Article III of this Agreement or otherwise,
                  other than the Standard Termination Entitlements as defined in
                  section 4.1.

         3.2.2    TERMINATION WITHOUT CAUSE OR RESIGNATION FOR GOOD REASON.
                  Except in the event of a Change in Control, the Company will
                  be obligated to provide the Standard Termination Entitlements
                  as defined in Section 4.1 and Severance Benefits as defined in
                  Section 4.2 if either the Company terminates the employee's
                  employment without Cause or the Employee resigns for Good
                  Reason, subject to the Employee's compliance with Articles 5,
                  6, 7, 8, 9 and 10:

         3.2.3    TERMINATION UPON A CHANGE IN CONTROL. In the event of a Change
                  of Control, the terms outlined in Section 4.3 shall apply.

3.3      LIQUIDATED DAMAGES. The Company and Employee hereby stipulate that the
         damages which may be incurred by the Employee as a consequence of any
         such termination of employment are not capable of accurate measurement
         as of the date first above written and that the liquidated damages
         payments provided for in this Agreement constitute a reasonable
         estimate under the circumstances of, and are in full satisfaction of,
         all damages sustained as a consequence of any such termination of
         employment.

ARTICLE 4. STANDARD TERMINATION ENTITLEMENTS; SEVERANCE BENEFITS.

4.1      STANDARD TERMINATION ENTITLEMENTS. For all purposes of this Agreement,
         the Employee's "Standard Termination Entitlements" shall mean and
         include, subject to the provisions outlined in Article 7: (a) the
         Employee's earned but unpaid compensation (including, without
         limitation, salary, bonus, and all other items which constitute wages
         under applicable law) as of the date of her termination of employment.
         This payment shall be made at the time and in the manner prescribed by
         law applicable to the payment of wages but in no event later than 30
         days after the date of the Employee's termination of employment; (b)
         the benefits, if any, due to the Employee (and the Employee's estate,
         surviving dependents or her designated beneficiaries) under the
         employee benefit plans and programs and compensation plans and programs
         (including stock option plans)

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         maintained for the benefit of the employees of the Company; and (c) all
         of the Employee's Employee Stock Options that have been deemed to have
         vested prior to the Employment Final Termination Date. The time and
         manner of payment or other delivery of these benefits and the
         recipients of such benefits shall be determined according to the terms
         and conditions of the applicable plans and programs.

4.2      SEVERANCE BENEFITS. For all purposes of this Agreement, the Employee's
         "Severance Benefits" shall mean and include:

         4.2.1    the payment of a lump sum amount equal to 3 multiplied by the
                  Employee's monthly rate of Compensation Package Amount in
                  effect immediately prior to her termination of employment; and

         4.2.2    for a period of six months after the Employee's termination of
                  employment, direct payment by the Company to the carrier of
                  the premiums due for any health insurance continuation
                  coverage elected by the Employee under the Company group
                  health plans pursuant to the Consolidated Budget
                  Reconciliation of 1985; provided, however that in no event
                  shall any payment be made under this Agreement if it would
                  result in an excess parachute payment under section 280G of
                  the Internal Revenue Code of 1986.

4.3      CHANGE IN CONTROL

         4.3.1    CHANGE IN CONTROL ADJUSTMENTS AND COMPENSATION. The "Change in
                  Control Adjustments and Compensation" shall mean the
                  following:

                  4.3.1.1  CHANGE IN CONTROL EMPLOYMENT TERM. If a Change in
                           Control occurs prior to the Employment Contract
                           Termination Date then the Employment Term shall
                           continue until the earlier of the Employment Final
                           Termination Date or the Employment Change of Control
                           Termination Date.

                  4.3.1.2  CHANGE IN CONTROL SEVERANCE PAYMENT AMOUNT. If a
                           Change in Control occurs prior to the Employment
                           Contract Termination Date and the Company terminates
                           the employee's employment without Cause or the
                           Employee resigns for Good Reason prior to the Change
                           in Control Audit Date, then the Employee will be
                           entitled to a payment equal to the greater of 6 times
                           the Monthly Rate of Compensation OR 12 months salary
                           less any compensation paid to the employee during the
                           period between the Change in Control and Employment
                           Final Termination Date and the Company shall be
                           obligated to provide the Standard Termination
                           Entitlements as defined in Section 4.1 subject to the
                           Employee's compliance with Articles 5,6,7,8,9 and 10.
                           If a Change in Control occurs prior to the Employment
                           Contract Termination Date and the Company terminates
                           the employee's employment without Cause or the
                           Employee resigns for Good Reason after the Change in
                           Control Audit Date, then the severance payment in
                           Section 4.2.1 shall apply.

                  4.3.1.3  CHANGE IN CONTROL HEALTH AND LIFE INSURANCE BENEFITS.
                           If a Change in Control occurs prior to the Employment
                           Contract Termination Date then the Employee will be
                           entitled to Company-paid contributions for health and
                           life insurance premiums for the greater of six months
                           or the number of months

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                           between the Employment Final Termination Date and the
                           first anniversary of the Change in Control.

                  4.3.1.4  CHANGE IN CONTROL EMPLOYEE STOCK OPTION ENTITLEMENTS.
                           If a Change in Control occurs prior to the Employment
                           Contract Termination Date then the Employee Stock
                           Options will be modified to include the following
                           provisions. In the event that the following terms are
                           in breach of the laws of the People's Republic of
                           China or any other jurisdiction, or if the Board of
                           Directors prior a Change of Control decides to
                           terminate or replace the Employee Stock Options or
                           any related plans, or in the event of a dispute, the
                           Company and Employee agree to effect whatever
                           transaction or agreement necessary to preserve the
                           intent and economic value represented by the terms
                           outlined in this Section 4.3.1.4.

                           4.3.1.4.1 VESTING OF EMPLOYEE STOCK OPTION AWARDS.
                                     The number of Employee Stock Options listed
                                     in Section 2.6.1.1. and the maximum number
                                     of Employee Stock Options listed in Section
                                     2.6.1.2. shall be deemed to have vested in
                                     full upon a Change of Control, the
                                     aggregate number of which shall be the
                                     "Total Stock Option Award", subject to the
                                     Strike Adjustment and Exercise Provisions
                                     outlined in Section 4.3.1.4.3.

                           4.3.1.4.2 ADJUSTMENT TO THE EXERCISE AND STRIKE
                                     PROVISIONS OF EMPLOYEE STOCK OPTIONS. If a
                                     Change in Control occurs prior to the
                                     Employment Contract Termination Date, the
                                     strike price and exercise date and ability
                                     to exercise Employee Stock Options shall be
                                     as follows:

                           NO EMPLOYEE RESIGNATION PRIOR TO CHANGE IN CONTROL
                           AUDIT DATE. If the Employment Final Termination Date
                           is after Change in Control Audit Date, and the
                           Employee's Employment has not been terminated under
                           the provision outlined in Section 3.1.2, then the
                           Employee shall have the right to exercise 100% of the
                           Employee Stock Options at a Strike Price of US$5 per
                           Share Option on the Change in Control Stock Option
                           Exercise Date. If a Change in Control is structured
                           such that there are 2 Change in Control Stock Option
                           Exercise Dates, then on the second Change in Control
                           Stock Option Exercise Date, the Employee shall have
                           the right to exercise 80% of the Employee Stock
                           Options at a Strike Price of US$5 per Share Option
                           and the Employee shall have the right to exercise the
                           remaining 20% of the Employee Stock Options at a
                           Strike Price of US$5 per Share Option 6 months after
                           the Change in Control Audit Date.

                           4.3.1.4.2.1 EMPLOYEE RESIGNATION PRIOR TO CHANGE IN
                                       CONTROL AUDIT DATE. If the Employee's
                                       Employment is terminated under the
                                       provision outlined in Section 3.1.2 prior
                                       to Change in Control Audit Date, then the
                                       following shall apply, subject to the
                                       Escrow Provisions outlined in Section
                                       4.3.1.4.3.:

                             4.3.1.4.2.1.1 the Employee shall have the right to
                                           exercise the following number of
                                           Employee Stock Options at a Strike
                                           Price of US$5 per on the Change in
                                           Control Stock Option Exercise Date:
                                           The Change in Control Percentage of
                                           Stock Options of the Total Stock
                                           Option Award, plus an additional
                                           number of options equal to the Change
                                           in

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                                           Control Remaining Percentage of Stock
                                           Options multiplied by percentage
                                           represented by the number of days
                                           between the Change of Control Date
                                           and the Employment Resignation Date
                                           divided by the total number of days
                                           between the Change of Control Date
                                           and Change in Control Audit Date,
                                           (the number of Stock Options referred
                                           to herein as the "Number of Stock
                                           Options Entitled to at Original
                                           Strike upon Change of Control and
                                           Early Resignation"), and

                             4.3.1.4.2.1.2 the Employee shall have the right,
                                           but not the obligation, to exercise
                                           the following number of Employee
                                           Stock Options at a Strike Price of
                                           US$9999 per share in full on the
                                           Change in Control Stock Option
                                           Exercise Date: The Change in Control
                                           Percentage of Stock Options of the
                                           Total Stock Option Award minus the
                                           Number of Stock Options Entitled to
                                           at Original Strike upon Change of
                                           Control and Early Resignation.

                           4.3.1.4.3 ESCROW PROVISIONS: In the event that an
                                     Employee exercises any options after the
                                     date of a Change of Control and prior to
                                     the Change in Control Audit Date, the
                                     proceeds resulting from the exercise of
                                     such options shall be held in an escrow
                                     account at a reputable law firm appointed
                                     by the Board of Directors with the approval
                                     of the CEO of the Company for the benefit
                                     of the Employee until no earlier than
                                     Change in Control Audit Date. All related
                                     expenses derived from the Escrow Provisions
                                     shall be paid for by the Company.

         4.3.2    DEFINITION. Change in Control shall mean any one of the
                  following:

                  4.3.2.1  the consummation of a reorganization, merger or
                           consolidation of the Company with one or more other
                           persons, other than a transaction following which:

                  4.3.2.2  at least 49% of the equity ownership interests of the
                           entity resulting from such transaction are
                           beneficially owned (within the meaning of Rule 13d-3
                           promulgated under the Securities Exchange Act of
                           1934, as amended ("Exchange Act")) in substantially
                           the same relative proportions by persons who,
                           immediately prior to such transaction, beneficially
                           owned (within the meaning of Rule 13d-3 promulgated
                           under the Exchange Act) at least 100% of the
                           outstanding equity ownership interests in the
                           Company; and

                  4.3.2.3  at least 49% of the securities entitled to vote
                           generally in the election of directors of the entity
                           resulting from such transaction are beneficially
                           owned (within the meaning of Rule 13d-3 promulgated
                           under the Exchange Act) in substantially the same
                           relative proportions by persons who, immediately
                           prior to such transaction, beneficially owned (within
                           the meaning of Rule 13d-3 promulgated under the
                           Exchange Act) at least 100% of the securities
                           entitled to vote generally in the election of
                           directors of the Company.

                  4.3.2.4  a complete liquidation or dissolution of the Company;
                           or

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                  4.3.2.5  the occurrence of any event if, immediately following
                           such event, at least 49% of the members of the Board
                           of Directors of the Company do not belong to any of
                           the following groups: (a) individuals who were
                           members of the Board of Directors of the Company on
                           the date hereof; or (b) individuals who first became
                           members of the Board of Directors of the Company
                           after the date hereof either: (i) upon election to
                           serve as a member of the Board of Directors of the
                           Company by affirmative vote of three-quarters of the
                           members of such board, or of a nominating committee
                           thereof, in office at the time of such first
                           election; or (ii) upon election by the stockholders
                           of the Company to serve as a member of such board,
                           but only if nominated for election by affirmative
                           vote of three-quarters of the members of the Board of
                           Directors of the Company, or of a nominating
                           committee thereof, in office at the time of such
                           first nomination; provided, however, that such
                           individual's election or nomination did not result
                           from an actual or threatened contest for the election
                           of directors or other actual or threatened
                           solicitation of proxies or consents other than by or
                           on behalf of the Board of Directors of the Company.

                  4.3.2.6  In no event, however, shall a Change in Control be
                           deemed to have occurred as a result of (i) any
                           acquisition of securities or assets of the Company or
                           any subsidiary thereof, by the Company or any
                           subsidiary thereof, or by any employee benefit plan
                           maintained by any of in a transaction consummated
                           prior to June 30, 2000 or (ii) any Qualified Public
                           Transaction of the securities of the Company. For
                           purposes of this section, the term "person" shall
                           have the meaning assigned to it under sections
                           13(d)(3) or 14(d)(2) of the Exchange Act.

ARTICLE 5. PROPRIETARY INFORMATION

The Employee shall enter into a Key Employee Invention Assignment and
Confidentiality Agreement attached herein as Exhibit A and a Non-Compete
Agreement attached herein as Exhibit B. The Employee agrees that the provisions
of this Article 5, Exhibit A and Exhibit B are necessary to protect the
interests of the Company or its Subsidiaries or Affiliates and are reasonable
and valid in geographical and temporal scope and in all other respects. If any
court determines that the provisions of this Article 5 or any part thereof are
unenforceable because of the duration or geographical scope of such provision,
such court will have the power to reduce the duration or scope of such
provision, as the case may be, and, in its reduced form, such provision will be
enforceable.

ARTICLE 6. NON-COMPETITION AND NON-SOLICITATION

The Employee shall enter into a Key Employee Invention Assignment and
Confidentiality Agreement attached herein as Exhibit A and a Non-Compete
Agreement attached herein as Exhibit B. The Employee agrees that the provisions
of this Article 5, Exhibit A and Exhibit B are necessary to protect the
interests of the Company or its Subsidiaries or Affiliates and are reasonable
and valid in geographical and temporal scope and in all other respects. If any
court determines that the provisions of this Article 6 or any part thereof are
unenforceable because of the duration or

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geographical scope of such provision, such court will have the power to reduce
the duration or scope of such provision, as the case may be, and, in its reduced
form, such provision will be enforceable.

ARTICLE 7. THIS ARTICLE INTENTIONALLY OMITTED

ARTICE 8. REMEDIES

8.1      REMEDIES FOR CERTAIN BREACHES. If the Employee commits a breach, or
         threatens to commit a breach, of any of the provisions of Articles 5,
         6, or 7 hereof, the Company shall have the following rights and
         remedies: forfeiture of stock options, forfeiture of any severance or
         other termination benefits and damages associated with the Breach, each
         of which rights and remedies shall be independent of the others, and
         shall be severally enforceable, and all of which rights and remedies
         shall be in addition to, and not in lieu of, any other rights and
         remedies available under law or in equity to the Company, the right and
         remedy to have the provisions of Articles 5, 6, and/or 7 enforced by
         any court in the State of New York, USA, it being acknowledged and
         agreed that any breach or threatened breach of Articles 5,6, and/or 7
         hereof by the Employee will cause irreparable injury to the Company and
         that money damages will not provide an adequate remedy to the Company.

ARTICLE 9. DISPUTE RESOLUTION

9.1      DISPUTE RESOLUTION. Any dispute, controversy or claim, at any time
         arising out of this or relating to this Agreement, or the breach,
         termination or invalidity thereof (other than any dispute, controversy
         or claim pursuant to Articles 5,6, and/or 7 hereof, which may, at the
         option of the Company, be submitted to any court having jurisdiction),
         shall be referred to the Hong Kong courts for final and binding
         arbitration. Any arbitral award may be enforced through a judgment
         rendered in any court of competent jurisdiction.

ARTICLE 10. GENERAL PROVISIONS

10.1     NOTICES. All notices, requests, claims, demands and other
         communications hereunder shall be in writing and shall be given (and
         shall be deemed to have been duly received if so given) by hand
         delivery, telegram, telex, or telecopy, or facsimile transmission, or
         by mail (registered or certified mail, postage prepaid, return receipt
         requested) or by any courier service, providing proof of delivery. All
         communications hereunder shall be delivered to the respective parties
         at the following addresses or to such other address as the party to
         whom notice is given may have previously furnished to the other parties
         hereto in writing in the manner set forth above:

         If to the Employee:        c/o Linktone Ltd
                                    Harbour Ring Plaza
                                    18 Xi Zang Zhong Lu
                                    Shanghai PRC 200001

         If to the Company:         Linktone Ltd

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                                    Harbour Ring Plaza
                                    18 Xi Zang Zhong Lu
                                    Shanghai PRC 200001

10.2     ENTIRE AGREEMENT. This Agreement, taken together with Exhibit A and
         Exhibit B, shall constitute the entire agreement between the Employee
         and the Company with respect to the Company's employment of the
         Employee and supersedes any and all prior agreements and
         understandings, including but not limited to the Original Employment
         Agreements, written or oral, with respect thereto.

10.3     AMENDMENTS AND WAIVERS. Any term of this Agreement may be amended and
         the observance of any term of this Agreement may be waived (either
         generally or in a particular instance and either retroactively or
         prospectively), only by an instrument in writing and signed by the
         party against whom such amendment or waiver is sought to be enforced.

10.4     SUCCESSORS AND ASSIGNS. The personal services of the Employee are the
         subject of this Agreement and no part of the Employee's or the
         Company's rights or obligations hereunder may be assigned, transferred,
         pledged or encumbered by the Employee or the Company. This Agreement
         shall inure to the benefit of, and be binding upon (a) the parties
         hereto, (b) the heirs, administrators, executors and personal
         representatives of the Employee and (c) the successors and assigns of
         the Company as provided herein.

10.5     GOVERNING LAW AND VENUE. This Agreement, including the validity hereof
         and the rights and obligations of the parties hereunder, and all
         amendments and supplements hereof and all waivers and consents
         hereunder, shall be construed in accordance with and governed by the
         laws of the State of New York, USA, without giving effect to any
         conflicts of law provisions or rule, that would cause the application
         of the laws of any other jurisdiction .

10.6     SEVERABILITY. If any provisions of this Agreement, as applied to any
         part or to any circumstance, shall be adjudged by a court to be invalid
         or unenforceable, the same shall in no way affect any other provision
         of this Agreement, the application of such provision in any other
         circumstances or the validity or enforceability of this Agreement.

10.7     SURVIVAL. The rights and obligations of the Company and Employee
         pursuant to Articles 3, 4, 5, 6, 7, 8 and 9 shall survive the
         termination of the Employee's employment with the Company and the
         expiration of the Employment Term.

10.8     CAPTIONS. The headings and captions used in this Agreement are used for
         convenience only and are not to be considered in construing or
         interpreting this Agreement.

10.9     COUNTERPARTS. This Agreement may be executed in two or more
         counterparts, each of which shall be deemed an original, but all of
         which together shall constitute one and the same instrument.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
date first above written.

EMPLOYEE

By:   /s/ Guangxin Li
      ------------------------------

Guangxin Li (Michael)

Title: Chief Operating Officer

COMPANY

By:   /s/ Jun Wu
      ------------------------------

Name: Jun Wu

Title: Chairman of the Board

ATTEST

By:   /s/ Mark Begert
      ------------------------------

Name: Mark Begert

Address: 18 Xizang Zhong Lu
         Shanghai, China 200001

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Exhibit A

        Key Employee Invention Assignment and Confidentiality Agreement

         In consideration of, and as a condition of my continued employment with
Linktone Ltd., a Cayman Islands company (as contemplated in the employment
agreement between Linktone Ltd. and me (the "Agreement")), or with any of its
subsidiaries, including, without limitation, Shanghai Linktone Consulting Co.,
Ltd., Shanghai Huitong Information Co Ltd., Shanghai Weilan Computer Co. Ltd.
and Shanghai Unilink Computer Co. Ltd. (collectively, the "Company"), I hereby
represent to, and agree with, the Company as follows:

         I hereby represent to, and agree with the Company as follows:

1.       Purpose of Agreement. I understand that the Company is engaged in a
         continuous program of research, development, production and marketing
         in connection with its business and that it is critical for the Company
         to preserve and protect its Proprietary Information (as defined in
         Section 3 below), its rights in Inventions (as defined in Section 2
         below) and in any other intellectual property rights. Accordingly, I am
         entering into this Employee Invention Assignment and Confidentiality
         Agreement (this "Agreement") as a condition of my continued employment
         with the Company, whether or not I am expected to create inventions of
         value for the Company.

2.       Disclosure of Inventions. I will promptly disclose in confidence to the
         Company all inventions, improvements, designs, original works of
         authorship, derivative works, formulas, processes, compositions of
         matter, techniques, know-how, computer software programs, databases,
         mask works and trade secrets (the "Inventions") that I make or conceive
         or first reduce to practice or create, either alone or jointly with
         others, during the period of my employment, whether or not in the
         course of my employment, and whether or not such Inventions are
         patentable, copyrightable or protectible as trade secrets or mask
         works.

3.       Proprietary Information. I understand that my employment by the Company
         creates a relationship of confidence and trust with respect to any
         information of a confidential or secret nature that may be disclosed to
         me by the Company that relates to the business of the Company or to the
         business of any parent, subsidiary, affiliate, customer or supplier of
         the Company or any other party with whom the Company agrees to hold
         information of such party in confidence (the "Proprietary
         Information"). Such Proprietary Information includes but is not limited
         to any confidential and/or proprietary knowledge, data or information,
         any past, present or future Inventions, marketing plans, product plans,
         business strategies, financial information (including budgets and
         unpublished financial statements), licenses, prices and costs,
         forecasts, personal information, suppliers, customers and lists of
         either, information, trade secrets, patents, mask works, ideas,
         confidential knowledge, data or other proprietary information relating
         to new and existing products, processes, know-how, designs, formulas,
         developmental or experimental work, improvements, discoveries, designs
         and techniques, computer programs, data bases, other original works of
         authorship, employee information including the skills and compensation
         of other employees of Company, or other subject matter pertaining to
         any business of Company. I agree that Company may from time to time
         create a list of specific Proprietary Information and I will
         acknowledge any such lists in writing upon request.

4.       Confidentiality. At all times, both during my employment and after its
         termination, I will

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         keep and hold all such Proprietary Information in strict confidence and
         trust. I will not use or disclose any Proprietary Information without
         the prior written consent of the Company, except as may be necessary to
         perform my duties as an employee of the Company for the benefit of the
         Company. Upon termination of my employment with the Company, I will
         promptly deliver to the Company all documents and materials of any
         nature pertaining to my work with the Company. I will not take with me
         any documents or materials or copies thereof containing any Proprietary
         Information.

5.       Work for Hire; Assignment of Inventions. I acknowledge and agree that
         any copyrightable works prepared by me either alone or jointly with
         others, within the scope of my employment are "works for hire" under
         the United States Copyright Act and that the Company will be considered
         the author and owner of such copyrightable works. In the event that any
         such copyrightable works are not deemed to be "works made for hire," I
         hereby irrevocably assign all of my right, title and interest in and to
         such copyrightable works to Company. I agree that all Inventions that
         (i) are developed using equipment, supplies, facilities or trade
         secrets of the Company, (ii) result from work performed by me for the
         Company, or (iii) relate to the Company's business or current or
         anticipated research and development (collectively, "Company
         Inventions"), will be the sole and exclusive property of the Company
         and are hereby irrevocably assigned by me to the Company.

6.       Assignment of Other Rights. In addition to the foregoing assignment of
         Company Inventions to the Company, I hereby irrevocably transfer and
         assign to the Company: (i) all worldwide patents, patent applications,
         copyrights, mask works, trade secrets and other intellectual property
         rights in any Company Invention; and (ii) any and all Moral Rights (as
         defined below) that I may have in or with respect to any Company
         Invention. I also hereby forever waive and agree never to assert any
         and all Moral Rights I may have in or with respect to any Company
         Invention, even after termination of my work on behalf of the Company.
         "Moral Rights" mean any rights to claim authorship of a Company
         Invention, to object to or prevent the modification of any Company
         Invention, or to withdraw from circulation or control the publication
         or distribution of any Company Invention, and any similar right,
         existing under judicial or statutory law of any country in the world,
         or under any treaty, regardless of whether or not such right is
         denominated or generally referred to as a "moral right".

7.       Assistance. For no consideration in addition to my salary or wages
         during my employment, I agree to assist the Company in every proper way
         to obtain for the Company and enforce patents, copyrights, mask work
         rights, trade secret rights and other legal protections for the
         Company's Inventions in any and all countries. I will execute any
         documents that the Company may reasonably request for use in obtaining
         or enforcing such patents, copyrights, mask work rights, trade secrets
         and other legal protections. My obligations under this paragraph will
         continue beyond the termination of my employment with the Company,
         provided that the Company will compensate me at a reasonable rate after
         such termination for time or expenses actually spent by me at the
         Company's request on such assistance. I appoint the Secretary of the
         Company as my attorney-in-fact to execute documents on my behalf for
         this purpose. I hereby waive and quitclaim to Company any and all
         claims, of any nature whatsoever, which I now or may hereafter have for
         infringement of any proprietary rights assigned hereunder to Company.

8.       No Breach of Prior Agreement. I represent that my performance of all
         the terms of this Agreement and my duties as an employee of the Company
         will not breach any invention

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         assignment, proprietary information, confidentiality or similar
         agreement with any former employer or other party. I represent that I
         did not bring with me to the Company or use in the performance of my
         duties for the Company any documents or materials or intangibles of a
         former employer or third party that are not generally available to the
         public or have not been legally transferred to the Company.

9.       Efforts; Duty Not to Compete. I understand that my employment with the
         Company requires my undivided attention and effort during normal
         business hours. While I am employed by the Company, I will not, without
         the Company's express prior written consent, provide services to, or
         assist in any manner, any business or third party which compete with
         the current or planned business of the Company.

10.      Notification. I hereby authorize the Company to notify my actual or
         future employers of the terms of this Agreement and my responsibilities
         hereunder.

11.      Non-Solicitation of Employees/Consultants. During my employment with
         the Company and for a period of one (1) year thereafter, I will not
         directly or indirectly solicit away employees or consultants of the
         Company for my own benefit or for the benefit of any other person or
         entity. "Solicit" shall not include the placement of an advertisement
         in a publication of general circulation.

12.      Non-Solicitation of Suppliers/Customers. During my employment with the
         Company and after termination of my employment, I will not directly or
         indirectly solicit or take away suppliers or customers of the Company
         if the identity of the supplier or customer or information about the
         supplier or customer relationship is a trade secret or is otherwise
         deemed confidential information within the meaning of Chinese law.

13.      Injunctive Relief. I understand that in the event of a breach or
         threatened breach of this Agreement by me the Company may suffer
         irreparable harm and will therefore be entitled to injunctive relief to
         enforce this Agreement, without prejudice to any other rights or
         remedies that Company may have for a breach of this Agreement.

14.      Governing Law; Severability. This Agreement will be governed by and
         construed in accordance with the laws of New York, without giving
         effect to that body of laws pertaining to conflict of laws. If any
         provision of this Agreement is determined by any court or arbitrator of
         competent jurisdiction to be invalid, illegal or unenforceable in any
         respect, such provision will be enforced to the maximum extent possible
         given the intent of the parties hereto. If such clause or provision
         cannot be so enforced, such provision shall be stricken from this
         Agreement and the remainder of this Agreement shall be enforced as if
         such invalid, illegal or unenforceable clause or provision had (to the
         extent not enforceable) never been contained in this Agreement.
         Notwithstanding the forgoing, if the value of this Agreement based upon
         the substantial benefit of the bargain for any party is materially
         impaired, which determination as made by the presiding court or
         arbitrator of competent jurisdiction shall be binding, then this
         Agreement will not be enforceable against such affected party and both
         parties agree to renegotiate such provision(s) in good faith.

15.      Counterparts. This Agreement may be executed in any number of
         counterparts, each of which when so executed and delivered will be
         deemed an original, and all of which together shall constitute one and
         the same agreement.

16.      Titles and Headings. The titles, captions and headings of this
         Agreement are included for

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         ease of reference only and will be disregarded in interpreting or
         construing this Agreement. Unless otherwise specifically stated, all
         references herein to "sections" and "exhibits" will mean "sections" and
         "exhibits" to this Agreement.

17.      Entire Agreement. This Agreement and the documents referred to herein
         constitute the entire agreement and understanding of the parties with
         respect to the subject matter of this Agreement, and supersede all
         prior understandings and agreements, whether oral or written, between
         or among the parties hereto with respect to the specific subject matter
         hereof.

18.      Amendment and Waivers. This Agreement may be amended only by a written
         agreement executed by each of the parties hereto. No amendment of or
         waiver of, or modification of any obligation under this Agreement will
         be enforceable unless set forth in a writing signed by the party
         against which enforcement is sought. Any amendment effected in
         accordance with this section will be binding upon all parties hereto
         and each of their respective successors and assigns. No delay or
         failure to require performance of any provision of this Agreement shall
         constitute a waiver of that provision as to that or any other instance.
         No waiver granted under this Agreement as to any one provision herein
         shall constitute a subsequent waiver of such provision or of any other
         provision herein, nor shall it constitute the waiver of any performance
         other than the actual performance specifically waived.

19.      Successors and Assigns; Assignment. Except as otherwise provided in
         this Agreement, this Agreement, and the rights and obligations of the
         parties hereunder, will be binding upon and inure to the benefit of
         their respective successors, assigns, heirs, executors, administrators
         and legal representatives. The Company may assign any of its rights and
         obligations under this Agreement. No other party to this Agreement may
         assign, whether voluntarily or by operation of law, any of its rights
         and obligations under this Agreement, except with the prior written
         consent of the Company.

20.      Further Assurances. The parties agree to execute such further documents
         and instruments and to take such further actions as may be reasonably
         necessary to carry out the purposes and intent of this Agreement.

21.      Not Employment Contract. I understand that this Agreement does not
         constitute a contract of employment or obligate the Company to employ
         me for any stated period of time.

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This Agreement shall be effective as of Effective Date.

COMPANY                          EMPLOYEE:

By: /s/ Jun Wu                   /s/ Guangxin Li
    ---------------------------  ----------------------------------------
Jun Wu, Chairman                 Name: Guangxin Li (Michael)
Board of Directors               Position: Chief Operating Officer

Confidential            Copyright(C)2003 Linktone Ltd.             Page 19 of 22

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                                                                       Exhibit B

                              Non Compete Agreement

Dear Guangxin Li (Michael),

         As an employee of Linktone Ltd., a Cayman Islands company (as
contemplated in the employment agreement between Linktone Ltd. and me (the
"Agreement")), or with any of its subsidiaries, including, without limitation,
Shanghai Linktone Consulting Co., Ltd., Shanghai Huitong Information Co Ltd.,
Shanghai Weilan Computer Co. Ltd. and Shanghai Unilink Computer Co. Ltd.,
(collectively, the "Company"), you must execute and deliver a covenant not to
compete with the Company during your employment and for 12 months thereafter.
The terms and conditions set forth below, as applicable, shall, upon your
acceptance thereof, become an agreement between you and the Company.

COVENANT NOT TO COMPETE

         It is hereby agreed that, from the date hereof and so long as you are
an employee, consultant or serve in a similar capacity with the Company or any
of its subsidiaries, you shall devote substantially all of your professional
time to the Company and its subsidiaries and shall not participate in any manner
in the management or operation of any business other than that of the Company
and its subsidiaries or serving on the board of directors of the Company or any
of its subsidiaries.

         If your are no longer employed by or acting as a consultant for the
Company or its subsidiaries, you shall not be employed by or participate in any
manner in the management or operation of any business or entity that is or may
reasonably become a competitor of the Company or its subsidiaries until 12
months after the date of termination of employment with the Company or any
subsidiary.

COMPANY RIGHTS IF YOU VIOLATE THIS AGREEMENT

         In the event that you do not comply with the terms of this Agreement,
any profit sharing or stock options to which you would otherwise be entitled
will be forfeited.

         In the event you do not comply with the terms of this Agreement, we
also reserve the right to discharge you as an employee. Furthermore, we reserve
the right to recover monetary damages from you, and we may also recover punitive
damages to the extent permitted by law. In the event that monetary damages are
an inadequate remedy for any harm suffered by us as a result of a breach of this
Agreement by you, we may also seek other relief, including an order of specific
performance or injunctive relief. You will not seek, and you agree to waive any
requirement for, the securing or posting of a bond in connection with our
seeking or obtaining such relief.

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         You further agree to indemnify and hold us harmless from any damages,
losses, costs or liabilities (including legal fees and the costs of enforcing
this indemnity agreement) arising out of or resulting from your failure to abide
by the terms of this Agreement.

AT-WILL EMPLOYMENT

         You agree and understand that, except as may be provided in any
employment agreement between you and the Company, your employment with the
Company is "at-will," meaning that it is not for any specified period of time
and can be terminated by you or by the Company at any time, with or without
advance notice, and for any or no particular reason or cause. You agree and
understand that it also means that job duties, title and responsibility and
reporting level, compensation and benefits, as well as the Company's personnel
policies and procedures, may be changed at any time at-will by the Company. You
understand and agree that nothing about the fact or the content of this
Agreement is intended to, nor should be construed to, alter the at-will nature
of your employment with the Company. You also understand and agree that the
at-will nature of employment with the Company can only be changed by the Chief
Executive Officer or President of the Company in an express writing signed and
dated by him or her and by you.

ACKNOWLEDGMENT

         You agree that, in light of the substantial benefits you will receive
as our employee, the terms contained in this Agreement are necessary and
reasonable in all respects and that the restrictions imposed on you are
reasonable and necessary to protect our legitimate business interests.
Additionally, you hereby acknowledge and agree that the restrictions imposed on
you by this Agreement will not prevent you from obtaining employment in your
field of expertise or cause you undue hardship.

GOVERNING LAW

         This Agreement shall be governed by and construed in accordance with
the laws of the New York, without regard to any conflicts of laws provision
thereof.

         By accepting this Agreement, you acknowledge that, given the nature of
the Company's business, the provisions contained in this Agreement contain
reasonable limitations as to time, geographical area and scope of activity to be
restrained, and do not impose a greater restraint than is necessary to protect
and preserve the Company and to protect the Company's legitimate interests. If,
however, the provisions of this Agreement are determined by any court of
competent jurisdiction or any arbitrator to be unenforceable by reason of its
extending for too long a period of time or over too large a geographic area or
by reason of its being too extensive in any other respect, or for any other
reason, it will be interpreted to extend only over the longest period of time
for which it may be enforceable and over the largest geographical area as to
which it may be enforceable and to the maximum extent in all other aspects as to
which it may be enforceable, all as determined by such court or arbitrator in
such action.

         Please confirm your agreement with the foregoing by signing and
returning directly to the undersigned the duplicate copy of this letter enclosed
herewith.

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                                           Very truly yours,

                                           COMPANY

                                           By: /s/ Jun Wu
                                               --------------------------------

                                               Jun Wu, Chairman
                                               Board of Directors

Accepted and Agreed to as
of the date first above written:

/s/ Guangxin Li
-----------------------------------
Name and Signature of Employee

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