Exhibit
      10.7

     

    [Cautionary
      Note: This Agreement has been translated into English from the original Chinese
      language version.] 

     

    Employment
      Contract

     

    Pursuant
      to the Labor Law of the People’s Republic of China and other applicable laws and
      regulations and upon consultation on the basis of equality and free will,
      Shenzhen Media Investment Co., Ltd. (hereinafter “Party
      A”)
      and Mr. Bin Li (hereinafter “Party B”) hereby enter into this contract providing
      for Party A’s employment of Party B as a contract-based executive-level manager.


     

    I.
      Term of Employment 

     

    The
      period of service will be three
      years, from the 1st of March 2004 to the 1st of March  2007.

     

    II.
      Working hours

     

    The
      working hours of Party B for Party A shall not exceed eight hours each day,
      forty  hours
      each week. 

     

    III.
      Duties

    
      	 	
              1.

            	
              Party
                B shall perform his duties diligently and competently pursuant to
                the
                requirements for the position.

            


    

    
      	 	
              2.

            	
              Party
                A shall provide Party B with necessary working conditions according
                to
                applicable laws and regulations. 

            


    

     

    IV.
      Salary

     

    
      	 	
              1.

            	
              Party
                B’s monthly salary will be RMB5,000 yuan (pretax income).
                

            


    

    
      	 	
              2.

            	
              The
                pay day of the monthly salary will be the fifth day of each month.
                Party A
                shall pay Party B at once each month in the form of currency.
                

            


    

    


    V.
      Amendment, Cancellation and Termination of the Contract

     

    
      	 	
              1.

            	
              The
                contract can be revised based on mutual consent of both parties and
                the
                amendment to the contract shall be in a written form.
                

            


    

    
      	 	
              2.

            	
              The
                cancellation of the contract shall be made in accordance with the
                applicable laws and regulations. 

            


    

    
      	 	
              3.

            	
              If
                Party A cancels the contract without valid reason and this behavior
                infringes Party B’s interests, it should pay monetary compensation to
                Party B.

            


    

    


    
      
        
        

      

      
         

        
          

        

      

      
        
        

      

    

     

    VI.
      Dispute Settlement 

     

    The
      parties shall consult with each other and mediate any disputes which may arise
       about
      the
      contract. If all attempts fail, the two parties can appeal to the local arbitral
       body
      of
      labor dispute for arbitration. 

    


    VII.
      Miscellaneous

    


    
      	 	
              1.

            	
              Party
                A and Party B entered into this Agreement under the principle of
                voluntaries, equity, mutual benefits and trustworthiness. This contract
                takes effect on the date signed by both parties and will automatically
                expire when the contract ends.

            


    

    


    
      	 	
              2.

            	
              If
                any of the provisions of this contract conflicts with applicable
                laws and
                regulations, the provision shall be superseded by the applicable
                laws and
                regulations

            


    

    


    
      	 	
              3.

            	
              This
                contract has two counterparts, one for Party A, one for Party B.
                This
                contract shall become effective upon execution by both
                parties. Both
                counterparts shall have equal legal effect.


            


    

    


     

    IN
      WITNESS WHEREOF, the Parties have executed this Employment
      Contract.

     

     

    Party
      A: Shenzhen Media Investment Co., Ltd. 

     

    (corporate
      seal) 

     

    Date:
      March 1, 2004 

    


     

    Party
      B:
      Bin Li 

     

    /s/
      Bin Li

     

    Date:
      March 1, 2004

     

    
      
        
        

      

      
        2