**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**


_____________




**FORM
      10-QSB**


_____________




(Mark
      One)





x
            **Quarterly
                Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934.**




**For
      the quarter ended March 31, 2007**





**o**
            **Transition
                Report Pursuant to Section 13 or 15(d) of the Securities Exchange
                Act of
                1934.**




For
      the
      transition period from ________ to __________




Commission
      File Number: 000-30790




**ARTCRAFT
      V, INC.**


(Exact
      name of small business issuer as specified in its charter)




**Delaware**(State
                or other jurisdiction of incorporation or organization)
            (IRS
                Employee Identification No.)




**Baimang
                Checking Station 1****st****Building South Mountain Xili Town, Shenzhen,
                China**(Address
                of principal executive offices)




**011-775
                27653497**(Issuer’s
                telephone number)




(Former
      name, former address and former fiscal year, if changed since last
      report)




Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 12 months (or for such shorter period
      that the registrant was required to file such reports), and (2) has been subject
      to such filing requirements for the past 90 days.


Yes  x   No o






Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Exchange Act).


Yes  o  No x







State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of May 15, 2007: shares of common stock: 10,100,000






















**ARTCRAFT
      V, INC.**




**FORM
      10-QSB**




**TABLE
      OF CONTENTS**






**PART
                I - FINANCIAL INFORMATION**
            1Item
                1. Financial Information
            1Item
                2. Management’s Discussion and Analysis or Plan of
                Operation
            1Item
                3. Controls and Procedures
            2**PART
                II - OTHER INFORMATION**
            2Item
                1. Legal Proceedings
            2Item
                2. Unregistered Sales of Equity Securities and Use of
                Proceeds
            2Item
                3. Defaults Upon Senior Securities
            2Item
                4. Submission of Matters to a Vote of Security Holders
            2Item
                5. Other Information
            2Item
                6. Exhibits and Reports on Form 8-K
            2**SIGNATURES**
            4














i


















**PART
      I—FINANCIAL INFORMATION**








**Item
      1.**    **Financial
      Statements.**




BASIS
      OF
      PRESENTATION




The
      accompanying reviewed financial statements are presented in accordance with
      generally accepted accounting principles for interim financial information
      and
      the instructions to Form 10-QSB and item 310 under subpart A of Regulation
      S-B.
      Accordingly, they do not include all of the information and footnotes required
      by generally accepted accounting principles for complete financial statements.
      In the opinion of management, all adjustments (consisting only of normal
      occurring accruals) considered necessary in order to make the financial
      statements not misleading, have been included. Operating results for the quarter
      ended March 31, 2007 are not necessarily indicative of results that may be
      expected for the year ending December 31, 2007. The financial statements are
      presented on the accrual basis.










1


**ARTCRAFT
        V, INC. AND SUBSIDIARIES**
  
 **CONDENSED
        CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 
 **MARCH
        31, 2007**












2




**TABLE
        OF CONTENTS**








Unaudited
                  Condensed Consolidated Balance Sheet
              4Unaudited
                  Condensed Consolidated Statements of Operations
              5Unaudited
                  Condensed Consolidated Statements of Cash Flow
              6Notes
                  to unaudited Condensed Consolidated Financial Statements
              7






3






**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  BALANCE SHEET****MARCH
                  31, 2007****(UNAUDITED)****ASSETS****Current
                  Assets**Cash
                  and cash equivalents
              
              $
              9,372Other
                  receivables
              
              
              259Note
                  receivable
              
              
              85,909Total
                  Current Assets
              
              
              95,539**Property
                  & equipment, net**
              
              
              19,542**Intangible
                  assets, net**
              
              
              8,148$
              123,229**LIABILITIES
                  AND STOCKHOLDERS' DEFICIT****Current
                  Liabilities**Accounts
                  payable and accrued expenses
              
              $
              18,125Loan
                  payable to related party
              
              
              169,090Deferred
                  revenue
              
              
              10,507Shares
                  to be issued, 150,000 shares of common stock
              
              
              60,000Total
                  Current Liabilities
              
              
              257,722Minority
                  Interest
              
              
              29,574**Stockholders'
                  Deficit**Common
                  stock, $.001 par value, 100,000,000shares
                  authorized, 10,100,000 issued and outstanding
              
              
              10,100Additional
                  paid in capital
              
              
              42,700Subscription
                  receivable
              
              
              (110,000
              )Other
                  accumulated comprehensive gain
              
              
              4,688Accumulated
                  deficit
              
              
              (111,555
              )Total
                  Stockholders' Deficit
              
              
              (164,067
              )$
              123,229







4




**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  STATEMENTS OF OPERATIONS****FOR
                  THE THREE MONTH PERIODS ENDED MARCH 31, 2007 AND
                  2006****(UNAUDITED)****2007**
              
              **2006****Revenue,
                  net**
              
              $
              4,783
              
              $
              5,657**Operating
                  Expenses:**General
                  and administrative expenses
              
              
              23,684
              
              
              29,028**Loss
                  from operations**
              
              
              (18,901
              )
              
              (23,371
              )Other
                  (Income) ExpenseInterest
                  income
              
              
              (1,814
              )
              
              (1,088
              )Minority
                  interest
              
              
              (1,040
              )
              
              (1,022
              )Interest
                  expense
              
              
              39
              
              
              73Total
                  Other Expense
              
              
              (2,815
              )
              
              (2,037
              )**Net
                  loss**
              
              
              (16,086
              )
              
              (21,334
              )Other
                  comprehensive incomeForeign
                  currency translation
              
              
              1,107
              
              
              761**Comprehensive
                  Income**
              
              $
              (14,979
              )
              $
              (20,573
              )**Net
                  loss per share:**Basic
                  & diluted
              
              $
              (0.0015
              )
              $
              (0.0020
              )**Weighted
                  average number of shares outstanding:**Basic
                  & diluted
              
              
              10,100,000
              
              
              10,100,000




Weighted
        average number of shares for dilutive securities has not been taken since
        the
        effect of dilutive securities is anti-dilutive




5




**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  STATEMENTS OF CASH FLOWS****FOR
                  THE THREE MONTHS ENDED MARCH 31, 2007 AND 2006****(UNAUDITED)****2007**
              
              **2006****CASH
                  FLOWS FROM OPERATING ACTIVITIES**Net
                  Loss
              
              $
              (16,086
              )
              $
              (21,334
              )Adjustments
                  to reconcile net loss to net cashused
                  in operating activities:Depreciation
                  & amortization
              
              
              2,163
              
              
              2,086Minority
                  interest
              
              
              (1,040
              )
              
              (1,022
              )(Increase)
                  / decrease in assets:Other
                  receivables
              
              
              (1,813
              )
              
              (4
              )Prepaid
                  expense
              
              
              -
              
              
              (13,511
              )Increase/
                  (decrease) in current liabilities:Accounts
                  payable and accrued expenses
              
              
              (16,091
              )
              
              20,686Deferred
                  revenue
              
              
              4,443
              
              
              (826
              )Total
                  Adjustments
              
              
              (12,338
              )
              
              7,409**Net
                  cash used in operations**
              
              
              (28,424
              )
              
              (13,925
              )**CASH
                  FLOWS FROM FINANCING ACTIVITIES**Loan
                  from related party
              
              
              29,967
              
              
              -**Net
                  cash provided by financing activities**
              
              
              29,967
              
              
              -Effect
                  of exchange rate changes on cash and cash equivalents
              
              
              78
              
              
              53**Net
                  increase (decrease) in cash and cash equivalents**
              
              
              1,622
              
              
              (13,872
              )**Cash
                  and cash equivalents, beginning balance**
              
              
              7,750
              
              
              17,619**Cash
                  and cash equivalents, ending balance**
              
              $
              9,372
              
              $
              3,747**SUPPLEMENTAL
                  DISCLOSURES:**Cash
                  paid during the year for:Income
                  tax paid
              
              $
              -
              
              $
              -Interest
                  payments
              
              $
              -
              
              $
              -










6




**ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 **Note
        A -** **ORGANIZATION**
  Artcraft
        V, Inc. was incorporated under the laws of the State of Delaware on June
        7,
        2004. On November 7, 2005, the Company entered into an Exchange Agreement
        with
        Top Interest International Limited (“Top Interest”). Top Interest owns 70%
        equity interest of Shenzhen Xin Kai Yuen Info Consult Co., Ltd. (“188info.com”)
        which operates 188info.com, a professional information searching platform
        that
        is engaged in the business of providing information search engine, online
        web
        application and image designing, digital network service, online market
        research, online promotion and advertising services, and query searches for
        both
        individuals and businesses. Top Interest was incorporated under the laws
        of the
        British Virgin Islands. 188info.com was legally established under the laws
        of
        the People’s Republic of China. When used in these notes, the terms “Company”,
“we”, “our” or “us” mean Artcraft V, Inc. and its subsidiaries.
  Pursuant
        to the Stock Purchase and Share Exchange Agreement, the Company purchased
        all of
        the issued and outstanding shares of Top Interest from the shareholders for
        issuance of a total of 10,000,000 shares of the Company’s common stock, or
        approximately 99% of the total issued and outstanding shares. This transaction
        closed on November 7, 2005 and has been accounted for as a reverse
        acquisition.
  **Note
        B -** **SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES**
  Unaudited
        Interim Financial Information
 The
          accompanying unaudited consolidated financial statements have been prepared
          by
          Artcraft V, Inc., pursuant to the rules and regulations of the Securities
          and
          Exchange Commission (the “SEC”) Form 10-QSB and Item 310 of Regulation S-B, and
          generally accepted accounting principles for interim financial reporting.
          The
          information furnished herein reflects all adjustments (consisting of normal
          recurring accruals and adjustments) which are, in the opinion of management,
          necessary to fairly present the operating results for the respective periods.
          Certain information and footnote disclosures normally present in annual
          consolidated financial statements prepared in accordance with accounting
          principles generally accepted in the United States of America have been
          omitted
          pursuant to such rules and regulations. These consolidated financial statements
          should be read in conjunction with the audited consolidated financial statements
          and footnotes included in the Company’s Annual Report on Form 10-KSB. The
          results of the three months ended March 31, 2007 are not necessarily indicative
          of the results to be expected for the full year ending December 31,
          2007.
  Basis
        of Consolidation
 The
        consolidated financial statements include the accounts of Artcraft V, Inc.
        and
        its wholly owned subsidiary Top Interest International and majority owned
        subsidiary Shenzhen Xin Kai Yuen Info Consult Co., Ltd., collectively referred
        to within as the Company. All material intercompany accounts, transactions
        and
        profits have been eliminated in consolidation.
  Revenue
        Recognition
 The
        Company’s revenue recognition policies are in compliance with Staff accounting
        bulletin (SAB) 104. Sales revenue is recognized at the date of shipment to
        customers when a formal arrangement exists, the price is fixed or determinable,
        the delivery is completed, no other significant obligations of the Company
        exist
        and collectibility is reasonably assured. Payments received before all of
        the
        relevant criteria for revenue recognition are satisfied are recorded as unearned
        revenue. As
        of
        March 31, 2007, deferred revenue was $10,507.
 
 
 7
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B -** **SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
 
 Risks
        and Uncertainties
 The
        Company is subject to substantial risks from, among other things, intense
        competition associated with the industry in general, other risks associated
        with
        financing, liquidity requirements, rapidly changing customer requirements,
        limited operating history, foreign currency exchange rates and the volatility
        of
        public markets.
  Contingencies
 Certain
        conditions may exist as of the date the financial statements are issued,
        which
        may result in a loss to the Company but which will only be resolved when
        one or
        more future events occur or fail to occur. The Company’s management and legal
        counsel assess such contingent liabilities, and such assessment inherently
        involves an exercise of judgment. In assessing loss contingencies related
        to
        legal proceedings that are pending against the Company or unasserted claims
        that
        may result in such proceedings, the Company’s legal counsel evaluates the
        perceived merits of any legal proceedings or unasserted claims as well as
        the
        perceived merits of the amount of relief sought or expected to be
        sought.
  If
        the
        assessment of a contingency indicates that it is probable that a material
        loss
        has been incurred and the amount of the liability can be estimated, then
        the
        estimated liability would be accrued in the Company’s financial statements. If
        the assessment indicates that a potential material loss contingency is not
        probable but is reasonably possible, or is probable but cannot be estimated,
        then the nature of the contingent liability, together with an estimate of
        the
        range of possible loss if determinable and material would be disclosed.
  Loss
        contingencies considered to be remote by management are generally not disclosed
        unless they involve guarantees, in which case the guarantee would be
        disclosed.
  Use
        of
        Estimates
 The
        preparation of financial statements in conformity with generally accepted
        accounting principles requires management to make estimates and assumptions
        that
        affect the reported amounts of assets and liabilities and disclosure of
        contingent assets and liabilities at the date of the financial statements
        and
        the reported amounts of revenues and expenses during the reporting period.
        Actual results could differ from those estimates.
  Exchange
        Gain (Loss)
 During
        the three months ended March 31, 2007, the transactions of 188info.com were
        denominated in foreign currency and were recorded in Chinese Yuan Renminbi
        (CNY)
        at the rates of exchange in effect when the transactions occur. Exchange
        gains
        and losses are recognized for the different foreign exchange rates applied
        when
        the foreign currency assets and liabilities are settled.
 
 
 
 
 8
 
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B -** **SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
 
 Translation
        Adjustment
 As
        of
        March 31, 2007, the accounts of 188info.com were maintained, and its financial
        statements were expressed, in Chinese Yuan Renminbi (CNY). Such financial
        statements were translated into U.S. Dollars (USD) in accordance with Statement
        of Financial Accounts Standards (“SFAS”) No. 52, “Foreign Currency Translation,”
with the CNY as the functional currency. According to the Statement, all
        assets
        and liabilities were translated at the current exchange rate, stockholder’s
        equity are translated at the historical rates and income statement items
        are
        translated at the average exchange rate for the period. The resulting
        translation adjustments are reported under other comprehensive income in
        accordance with SFAS No. 130, “Reporting Comprehensive Income” as a component of
        shareholders’ equity.
 
 Concentration
        of Credit Risk
 Financial
        instruments that potentially subject the Company to concentrations of credit
        risk are cash, accounts receivable and other receivables arising from its
        normal
        business activities. The Company places its cash in what it believes to be
        credit-worthy financial institutions. The Company has a diversified customer
        base. The Company controls credit risk related to accounts receivable through
        credit approvals, credit limits and monitoring procedures. The Company routinely
        assesses the financial strength of its customers and, based upon factors
        surrounding the credit risk, establishes an allowance, if required, for
        uncollectible accounts and, as a consequence, believes that its accounts
        receivable credit risk exposure beyond such allowance is limited.
 
 
 Property
        & Equipment
 Property
        and equipment are stated at cost less accumulated depreciation. Expenditures
        for
        major additions and improvements are capitalized and minor replacements,
        maintenance and repairs are charged to expense as incurred. Depreciation
        is
        provided on the straight-line method over the estimated useful lives of the
        assets, or the remaining term of the lease, as follows:
  Furniture
                  and
                  Fixtures
              5
                  yearsEquipment
              5
                  yearsComputer
                  Hardware and Software
              5
                  years
  Depreciation
        and amortization expenses were $2,163 and $2,086 for the
        three months ended March 31, 2007 and 2006, respectively.
  Advertising
 Advertising
        expenses consist primarily of costs of promotion for corporate image and
        product
        marketing and costs of direct advertising. The Company expenses all advertising
        costs as incurred. The
        company did not incur any advertising expense during the three months ended
        March 31, 2007 and 2006.
  
 
 9
 
 
 
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B -** **SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
 
 Basic
        and Diluted Earnings Per Share
  Earnings
        per share is calculated in accordance with the Statement of financial accounting
        standards No. 128 (SFAS No. 128), “Earnings per share”. SFAS No. 128 superseded
        Accounting Principles Board Opinion No.15 (APB 15). Net loss per share for
        all
        periods presented has been restated to reflect the adoption of SFAS No. 128.
        Basic net loss per share is based upon the weighted average number of common
        shares outstanding. Diluted net loss per share is based on the assumption
        that
        all dilutive convertible shares and stock options were converted or exercised.
        Dilution is computed by applying the treasury stock method. Under this method,
        options and warrants are assumed to be exercised at the beginning of the
        period
        (or at the time of issuance, if later), and as if funds obtained thereby
        were
        used to purchase common stock at the average market price during the period. Basic
        and
        diluted loss per share were $0.0015 and $0.0020 for the three months ended
        March
        31, 2007 and 2006 respectively.
  Recent
        accounting pronouncements
  In
        September 2006, FASB issued SFAS 157 ‘Fair Value Measurements’. This Statement
        defines fair value, establishes a framework for measuring fair value in
        generally accepted accounting principles (GAAP), and expands disclosures
        about
        fair value measurements. This Statement applies under other accounting
        pronouncements that require or permit fair value measurements, the Board
        having
        previously concluded in those accounting pronouncements that fair value is
        the
        relevant measurement attribute. Accordingly, this Statement does not require
        any
        new fair value measurements. However, for some entities, the application
        of this
        Statement will change current practice. This Statement is effective for
        financial statements issued for fiscal years beginning after November 15,
        2007,
        and interim periods within those fiscal years. The management is currently
        evaluating the effect of this pronouncement on financial
        statements.
  In
        September 2006, FASB issued SFAS 158 ‘Employers’ Accounting for Defined Benefit
        Pension and Other Postretirement Plans—an amendment of FASB Statements No. 87,
        88, 106, and 132(R)’ This Statement improves financial reporting by requiring an
        employer to recognize the over funded or under funded status of a defined
        benefit postretirement plan (other than a multiemployer plan) as an asset
        or
        liability in its statement of financial position and to recognize changes
        in
        that funded status in the year in which the changes occur through comprehensive
        income of a business entity or changes in unrestricted net assets of a
        not-for-profit organization. This Statement also improves financial reporting
        by
        requiring an employer to measure the funded status of a plan as of the date
        of
        its year-end statement of financial position, with limited exceptions. An
        employer with publicly traded equity securities is required to initially
        recognize the funded status of a defined benefit postretirement plan and
        to
        provide the required disclosures as of the end of the fiscal year ending
        after
        December 15, 2006. An employer without publicly traded equity securities
        is
        required to recognize the funded status of a defined benefit postretirement
        plan
        and to provide the required disclosures as of the end of the fiscal year
        ending
        after June 15, 2007. However, an employer without publicly traded equity
        securities is required to disclose the following information in the notes
        to
        financial statements for a fiscal year ending after December 15, 2006, but
        before June 16, 2007, unless it has applied the recognition provisions of
        this
        Statement in preparing those financial statements:
  a.  A brief
        description of the provisions of this Statement
  b.  The date
        that adoption is required
  c.  The date
        the employer plans to adopt the recognition provisions of this Statement,
        if
        earlier.
  The
        requirement to measure plan assets and benefit obligations as of the date
        of the
        employer’s fiscal year-end statement of financial position is effective for
        fiscal years ending after December 15, 2008. The management is currently
        evaluating the effect of this pronouncement on financial
        statements.
 
 
 11
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B -** **SUMMARY
        OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED** **)**
  In
          February 2007, FASB issued FASB Statement No. 159, The Fair Value Option
          for
          Financial Assets and Financial Liabilities. FAS 159 is effective for fiscal
          years beginning after November 15, 2007. Early adoption is permitted subject
          to
          specific requirements outlined in the new Statement. Therefore, calendar-year
          companies may be able to adopt FAS 159 for their first quarter 2007 financial
          statements.
  The
        new
        Statement allows entities to choose, at specified election dates, to measure
        eligible financial assets and liabilities at fair value that are not otherwise
        required to be measured at fair value. If a company elects the fair value
        option
        for an eligible item, changes in that item's fair value in subsequent reporting
        periods must be recognized in current earnings. FAS 159 also establishes
        presentation and disclosure requirements designed to draw comparison between
        entities that elect different measurement attributes for similar assets and
        liabilities.
 
 **Note
        C -** **NOTES
        RECEIVABLE**
  As
        of
        March 31, 2007, other receivable includes unsecured cash loan of $85,909
        to an
        ex shareholder. Interest receivable of $1,813 has been accrued as of March
        31,
        2007 on the loan at the prevailing bank deposit interest rate of 2.25% per
        China
        Renmin Bank.
  **Note
        D -** **RELATED
        PARTY TRANSACTIONS**
  Throughout
        the history of the Company, certain members of the Board of Directors and
        general management have made loans to the Company to cover operating expenses
        or
        operating deficiencies.
 
 As
        of
        March 31, 2007 ,
        total
        loan payable to related parties were $169,090, including a non interest-bearing,
        unsecured and due on demand note payable to an officer of Top
        Interest in the amount of $84,000 and a non interest-bearing, unsecured and
        due on demand note payable to a shareholder of Artcraft V Inc. in the amount
        of
        $85,090.
  **Note
        E -** **COMMON
        STOCK**
  On
        May
        17, 2005, the Company issued 150,000 shares of common stock to individuals
        for
        subscriptions receivable of $60,000 ($0.40 per share). However, the physical
        certificates were not issued as the company is still waiting for its
        registration statement to become effective. The amount received has been
        reflected as shares to be issued in the equity section in the accompanying
        consolidated financial statements.
  
 
 
 12
 
  **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
   **Note F
        -** **PROPERTY
        & EQUIPMENT**
  Property
        & equipment consist of the following at March 31, 2007:
  March
                  31, 2007Automobile
              
              $
              11,293Office
                  equipment
              
              
              19,64230,935Accumulated
                  depreciation
              
              
              (11,393
              )$
              19,542
  **Note G
        -INTANGIBLE** **ASSETS**
  Intangible
        assets consist of the following at March 31, 2007:
  March
                  31, 2007Software
              
              $
              12,52512,525Accumulated
                  amortization
              
              
              (4,387
              )$
              8,148
  Amortization
          expense
          for the Company’s intangible assets over the next four fiscal years is estimated
          to be: 2008-$2,496, 2009-$2,496, 20109-$2,496,
          2011-$660
 .
 **Note
        H-** **INCOME
        TAXES**
  The
        Company through its subsidiary, 188info.com, is governed by the Income Tax
        Laws
        of the PRC. Operations in the United States of America have incurred net
        accumulated operating losses for income tax purposes. The Company believes
        that
        it is more likely than not that these net accumulated operating losses will
        not
        be utilized in the future and hence the Company has not recorded any deferred
        assets as of March 31, 2007.
 
 Pursuant
        to the PRC Income Tax Laws, the Enterprise Income Tax (“EIT”) is at a statutory
        rate of 33%, which is comprises of 30% national income tax and 3% local income
        tax. 188info.com qualified as a new technology enterprise and under PRC Income
        Tax Laws, they are subject to a preferential tax rate of 15%.
  Income
        tax provision for the threemonths ended March 31, 2007:
  March
                  31, 2007Provision
                  for
                  PRC Income and local taxes
              
              $
              0U.S
                  Statutory rates
              
              
              34
              %Foreign
                  income not recognized in USA
              
              
              (34
              %)PRC
                  income tax
              
              
              33
              %
   13
 
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note I
        -** **STATUTORY
        COMMON WELFARE FUND**
  In
        accordance with the laws and regulations of the PRC, after the payment of
        the
        PRC income taxes shall be allocated to the statutory surplus reserves and
        statutory public welfare fund for staff and workers. The proportion of
        allocation for reserve is 5 to 10 percent of the profit after tax until the
        accumulated amount of allocation for statutory reserve reaches 50 percent
        of the
        registered capital. Statutory surplus reserves are to be utilized to offset
        prior years’ losses, or to increase its share capital.
  General
        reserve fund and statutory surplus fund are restricted for set off against
        losses, expansion of production and operation or increase in register capital
        of
        the respective company. Statutory public welfare fund is restricted to the
        capital expenditures for the collective welfare of employees. These reserves
        are
        not transferable to the Company in the form of cash dividends, loans or
        advances. These reserves are therefore not available for distribution except
        in
        liquidation. As of March 31, 2007, the Company had no reserves to these
        non-distributable reserve funds since it had no income from operations.
  **Note
        J-** **OTHER
        COMPREHENSIVE INCOME**
  Balances
        of related after-tax components comprising accumulated other comprehensive
        income (loss), included in stockholders’ equity, at March 31, 2007 are as
        follows:
  *Foreign
                  Currency Translation Adjustment*Balance
                  at December 31, 2006
              
              $
              3,581Change
                  for 2007
              
              
              1,107Balance
                  at March 31, 2007
              
              $
              4,688
 
 
 
 14
 
 
 
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 
 **Note K
        -** **GOING
        CONCERN**
 
 The
        accompanying consolidated financial statements have been prepared in conformity
        with generally accepted accounting principles which contemplate continuation
        of
        the company as a going concern. However, the Company has an accumulated deficit
        of $111,555 as of March 31, 2007 including losses of $16,086 and $ 21,334 for the
        three months ended March 31, 2007 and 2006. The Company’s total liabilities
        exceed its total assets by $164,067. In view of the matters described above,
        recoverability of a major portion of the recorded asset amounts shown in
        the
        accompanying consolidated balance sheet is dependent upon continued operations
        of the company, which in turn is dependent upon the Company’s ability to raise
        additional capital, obtain financing and succeed in its future operations,
        The
        financial statements do not include any adjustments relating to the
        recoverability and classification of recorded asset amounts or amounts and
        classification of liabilities that might be necessary should the Company
        be
        unable to continue as a going concern.
 
 Management
        has taken the following steps to revise its operating and financial
        requirements, which it believes are sufficient to provide the Company with
        the
        ability to continue as a going concern. Management devoted considerable effort
        from inception through the three months ended March 31, 2007, towards obtaining
        additional equity and management of accrued expenses and accounts
        payable.
 
 Management
        believes that actions presently being taken to obtain additional funding
        and
        implement its strategic plans provide the opportunity for the Company to
        continue as a going concern.




15




**Item
      2.**    **Management’s
      Discussion and Analysis or Plan of Operation**




**SAFE
      HARBOR REGARDING FORWARD-LOOKING STATEMENTS**






*The
      information contained in Item 2 contains forward-looking statements within
      the
      meaning of Section 27A of the Securities Act of 1933, as amended, and Section
      21E of the Securities Exchange Act of 1934, as amended. Actual results may
      materially differ from those projected in the forward-looking statements as
      a
      result of certain risks and uncertainties set forth in this report. Although
      management believes that the assumptions made and expectations reflected in
      the
      forward-looking statements are reasonable, there is no assurance that the
      underlying assumptions will, in fact, prove to be correct or that actual results
      will not be different from expectations expressed in this
      report.*




**ITEM
      6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF
      OPERATION.**





**RESULTS
      OF OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 2007 AND
      2006**




The
      following table presents the statement of operations for the three months ended
      March 31, 2007 as compared to the comparable period of the three months ended
      March 31, 2006. The discussion following the table is based on these
      results.




Revenue,
                net
              
              $
              4,783
              
              $
              5,657General
                  and administrative expenses
              
              
              23,684
              
              
              29,028Income
                  from operations
              
              
              (18,901
              )
              
              (23,371
              )Other
                  (Income) ExpenseInterest
                  income
              
              
              (1,814
              )
              
              (1,088
              )Minority
                  interest
              
              
              (1,040
              )
              
              (1,022
              )Interest
                  expense
              
              
              39
              
              
              73Total
                  Other (Income) Expense
              
              
              (2,815
              )
              
              (2,037
              )**Net
                  loss**
              
              $
              (16,086
              )
              $
              (21,334
              )




**Net
      Revenue**




Net
      sales
      for the three months ended March 31, 2007 totaled $4,783 compared to $5,657
      for
      the three months ended March 31, 2006, a decrease of $874, or approximately
      15.4%. The decrease was due to the expiration of the contracts with some of
      our
      corporate clients.




**Operating
      Expense**




General
      and administrative expenses for the three months ended March 31, 2007 totaled $23,684
      or approximately 495.2% of net revenue compared to $ 29,028
      or
      approximately 513.1% of net revenue for the three months ended March 31, 2006,
      a decrease of
      $ 5,344
      or
      approximately 18.4%.
      The decrease in general and administrative expenses was primarily due to the
      decrease in revenue and the one time fees expenses incurred during the three
      months ended March 31, 2006.




**Income
      (Loss) from Operations**




Income
      (loss) from operations for the three months ended March 31, 2007 totaled
      $ (18,901)
      or approximately 395.1% of net revenue compared to $(23,371)
      or approximately 413.1% of net revenue for the three months ended March 31,
      2006 ,
      a
      decrease of
      $ 4,470
      or
      approximately 19.1%. The
      decrease in income from operations was primarily due to decrease in revenue
      and
      expenses as stated above.







16


**Net
      Income (Loss)**




Net
      income (loss) for the three months ended March 31, 2007 totaled $ (16,086)
      compared to $ (21,334)
      for the three months ended March 31, 2006, a
      decrease of $ 5,248
      or
      approximately 24.6%. The
      decrease in net loss was primarily due to reason described above.





**LIQUIDTY
      AND CAPITAL RESOURCES**




Cash
      has
      historically been generated from operations. Operations and liquidity needs
      are
      funded primarily through cash flows from operations and short-term borrowings.
      Cash and cash equivalents were $9,372 at March 31, 2007 and current assets
      totaled $95,539 at March 31, 2007. The Company's total current liabilities
      were
      $257,722 at March 31, 2007. Working capital at March 31, 2007 was $(164,383).
      During the three months ended March 31, 2007, net cash used in operating
      activities was $(28,424).




We
      will
      continue to evaluate alternative sources of capital to meet our growth
      requirements, including other asset or debt financing, issuing equity securities
      and entering into other financing arrangements. There can be no assurance,
      however, that any of the contemplated financing arrangements described herein
      will be available and, if available, can be obtained on terms favorable to
      us.




Our
      operations and short term financing does not currently meet our cash needs.
      We
      believe we will be able to generate revenues from sales and raise capital
      through private placement offerings of its equity securities to provide the
      necessary cash flow to meet anticipated working capital requirements. Our actual
      working capital needs for the long and short term will depend upon numerous
      factors, including our operating results, competition, and the availability
      of
      credit facilities, none of which can be predicted with certainty. Our future
      expansion will depend on operating results and will be limited by its ability
      to
      enter into financings and raise capital.




**Working
      Capital Requirements**




Historically
      operations and short term financing have been sufficient to meet our cash needs.
      We believe that we will be able to generate revenues from sales and raise
      capital through private placement offerings of its equity securities to provide
      the necessary cash flow to meet anticipated working capital requirements.
      However, our actual working capital needs for the long and short term will
      depend upon numerous factors, including operating results, competition, and
      the
      availability of credit facilities, none of which can be predicted with
      certainty. Future expansion will be limited by the availability of financing
      products and raising capital.




**RECENT
      ACCOUNTING PRONOUNCEMENTS**





In
      September 2006, FASB issued SFAS 157 ‘Fair Value Measurements’. This Statement
      defines fair value, establishes a framework for measuring fair value in
      generally accepted accounting principles (GAAP), and expands disclosures about
      fair value measurements. This Statement applies under other accounting
      pronouncements that require or permit fair value measurements, the Board having
      previously concluded in those accounting pronouncements that fair value is
      the
      relevant measurement attribute. Accordingly, this Statement does not require
      any
      new fair value measurements. However, for some entities, the application of
      this
      Statement will change current practice. This Statement is effective for
      financial statements issued for fiscal years beginning after November 15, 2007,
      and interim periods within those fiscal years. The management is currently
      evaluating the effect of this pronouncement on financial
      statements.




In
      September 2006, FASB issued SFAS 158 ‘Employers’ Accounting for Defined Benefit
      Pension and Other Postretirement Plans—an amendment of FASB Statements No. 87,
      88, 106, and 132(R)’ This Statement improves financial reporting by requiring an
      employer to recognize the over funded or under funded status of a defined
      benefit postretirement plan (other than a multiemployer plan) as an asset or
      liability in its statement of financial position and to recognize changes in
      that funded status in the year in which the changes occur through comprehensive
      income of a business entity or changes in unrestricted net assets of a
      not-for-profit organization. This Statement also improves financial reporting
      by
      requiring an employer to measure the funded status of a plan as of the date
      of
      its year-end statement of financial position, with limited exceptions. An
      employer with publicly traded equity securities is required to initially
      recognize the funded status of a defined benefit postretirement plan and to
      provide the required disclosures as of the end of the fiscal year ending after
      December 15, 2006. An employer without publicly traded equity securities is
      required to recognize the funded status of a defined benefit postretirement
      plan
      and to provide the required disclosures as of the end of the fiscal year ending
      after June 15, 2007. However, an employer without publicly traded equity
      securities is required to disclose the following information in the notes to
      financial statements for a fiscal year ending after December 15, 2006, but
      before June 16, 2007, unless it has applied the recognition provisions of this
      Statement in preparing those financial statements:




a.  A brief
      description of the provisions of this Statement


b.  The date
      that adoption is required


c.  The date
      the employer plans to adopt the recognition provisions of this Statement, if
      earlier.






17




The
      requirement to measure plan assets and benefit obligations as of the date of
      the
      employer’s fiscal year-end statement of financial position is effective for
      fiscal years ending after December 15, 2008. The management is currently
      evaluating the effect of this pronouncement on financial
      statements.




In
      February 2007, FASB issued FASB Statement No. 159, The Fair Value Option for
      Financial Assets and Financial Liabilities. FAS 159 is effective for fiscal
      years beginning after November 15, 2007. Early adoption is permitted subject
      to
      specific requirements outlined in the new Statement. Therefore, calendar-year
      companies may be able to adopt FAS 159 for their first quarter 2007 financial
      statements.





The
      new
      Statement allows entities to choose, at specified election dates, to measure
      eligible financial assets and liabilities at fair value that are not otherwise
      required to be measured at fair value. If a company elects the fair value option
      for an eligible item, changes in that item's fair value in subsequent reporting
      periods must be recognized in current earnings. FAS 159 also establishes
      presentation and disclosure requirements designed to draw comparison between
      entities that elect different measurement attributes for similar assets and
      liabilities.





**OFF-BALANCE
      SHEET ARRANGEMENTS**




We
      have
      never entered into any off-balance sheet financing arrangements and have never
      established any special purpose entities. We have not guaranteed any debt or
      commitments of other entities or entered into any options on non-financial
      assets.





**Critical
      Accounting Policies**




Artcraft
      V, Inc.’s financial statements and related public financial information are
      based on the application of accounting principles generally accepted in the
      United States (“GAAP”). GAAP requires the use of estimates; assumptions,
      judgments and subjective interpretations of accounting principles that have
      an
      impact on the assets, liabilities, revenue and expense amounts reported. These
      estimates can also affect supplemental information contained in our external
      disclosures including information regarding contingencies, risk and financial
      condition. We believe our use if estimates and underlying accounting assumptions
      adhere to GAAP and are consistently and conservatively applied. We base our
      estimates on historical experience and on various other assumptions that we
      believe to be reasonable under the circumstances. Actual results may differ
      materially from these estimates under different assumptions or conditions.
      We
      continue to monitor significant estimates made during the preparation of our
      financial statements.




Our
      significant accounting policies are summarized in Note 1 of our financial
      statements. While all these significant accounting policies impact its financial
      condition and results of operations, Artcraft V. views certain of these policies
      as critical. Policies determined to be critical are those policies that have
      the
      most significant impact on Artcraft V, Inc.’s consolidated financial statements
      and require management to use a greater degree of judgment and estimates. Actual
      results may differ from those estimates. Our management believes that given
      current facts and circumstances, it is unlikely that applying any other
      reasonable judgments or estimate methodologies would cause effect on our
      consolidated results of operations, financial position or liquidity for the
      periods presented in this report.




**Item
      3.**   **Controls
      and Procedures**




Under
      the
      supervision and with the participation of our management, including our
      principal executive officer and principal financial officer, we conducted an
      evaluation of our disclosure controls and procedures, as such term is defined
      under Rule 13a-15(e) and Rule 15d-15(e) promulgated under the Securities
      Exchange Act of 1934, as amended (Exchange Act), as of September 30, 2006.
      Based
      on this evaluation, our principal executive officer and principal financial
      officer have concluded that our disclosure controls and procedures are effective
      to ensure that information required to be disclosed by us in the reports we
      file
      or submit under the Exchange Act is recorded, processed, summarized, and
      reported within the time periods specified in the Securities and Exchange
      Commission’s rules and forms and that our disclosure and controls are designed
      to ensure that information required to be disclosed by us in the reports that
      we
      file or submit under the Exchange Act is accumulated and communicated to our
      management, including our principal executive officer and principal financial
      officer, or persons performing similar functions, as appropriate to allow timely
      decisions regarding required disclosure.






There
      were no changes (including corrective actions with regard to significant
      deficiencies or material weaknesses) in our internal controls over financial
      reporting that occurred during the second quarter of fiscal 2006 that has
      materially affected, or is reasonably likely to materially affect, our internal
      control over financial reporting.






18





**PART
      II - OTHER INFORMATION**




**Item
      1.**    **Legal
      Proceedings.**




We
      are currently not a party to
      any pending legal proceedings and no such action by, or to the best of our
      knowledge, against us has been threatened.





**Item
      2.**    **Unregistered
      Sales of Equity Securities and Use of Proceeds.**




None.





**Item
      3.**   **Defaults
      Upon Senior Securities.**





None.





**Item
      4.**    **Submission
      of Matters to a Vote of Security Holders.**




No
      matter was
      submitted during the quarter ending March 31, 2007, covered by this report
      to a
      vote of the Company’s shareholders, through the solicitation of proxies or
      otherwise.





**Item
      5.**    **Other
      Information.**





None.





**Item
      6.**    **Exhibits
      and Reports of Form 8-K.**




**(a)**    **Exhibits**





31.1
      Certification pursuant to Section 302 of Sarbanes Oxley Act of
      2002


32.1
      Certification pursuant to Section 906 of Sarbanes Oxley Act of 2002




**(b)**   **Reports
      of Form 8-K**





None.









19




**SIGNATURES**




In
      accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused
      this report to be signed on its behalf by the undersigned, there unto duly
      authorized.




**ARTCRAFT
                V, INC.**




By:*/s/
                Li Te Xiao*Li
                Te XiaoPresident,
                Chief Executive Officer,Chief
                Financial Officer and Director






Date:
      May
      15, 2007




20