**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 June 30, 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 1st 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                   Noo






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





Yes          o                   Nox







State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of August 13, 2007: shares of common stock: 10,250,000












**ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 
 
 **CONDENSED
        CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 
 **JUNE
        30, 2007**











**TABLE
        OF CONTENTS**
 
 
 
 
 
 
 
 
 
 Unaudited
                  Condensed Consolidated Balance Sheet
              2Unaudited
                  Condensed Consolidated Statements of Operations
              3Unaudited
                  Condensed Consolidated Statements of Cash Flow
              4Notes
                  to unaudited Condensed Consolidated Financial Statements
              5
      
 1




**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  BALANCE SHEET****JUNE
                  30, 2007****(UNAUDITED)****ASSETS****Current
                  Assets**Cash
                  and cash equivalents
              
              $
              56,847Other
                  receivables
              
              
              263Note
                  receivable
              
              
              86,311Total
                  Current Assets
              
              
              143,421**Property
                  & equipment, net**
              
              
              18,273**Intangible
                  assets, net**
              
              
              7,638$
              169,332**LIABILITIES
                  AND STOCKHOLDERS' DEFICIT****Current
                  Liabilities**Accounts
                  payable and accrued expenses
              
              $
              33,108Loan
                  payable to related party
              
              
              232,505Deferred
                  revenue
              
              
              8,195Shares
                  to be issued, 150,000 shares of common stock
              
              
              60,000Total
                  Current Liabilities
              
              
              333,807Minority
                  Interest
              
              
              28,315**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
              
              
              6,247Accumulated
                  deficit
              
              
              (141,837
              )Total
                  Stockholders' Deficit
              
              
              (192,790
              )$
              169,332






The
      accompanying notes are an integral part of these unaudited consolidated
      financial statements.






2






**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  STATEMENTS OF OPERATIONS****(UNAUDITED)****Three
                  Month Periods Ended**
              
              
              **Six
                  Month Periods Ended****June
                  30, 2007**
              
              
              **June
                  30, 2006**
              
              
              **June
                  30, 2007**
              
              
              **June
                  30, 2006****Revenue,
                  net**
              
              $
              6,781
              
              
              $
              5,565
              
              
              
              11,564
              
              
              $
              11,222**Operating
                  Expenses:**General
                  and administrative expenses
              
              
              37,423
              
              
              
              20,709
              
              
              
              61,107
              
              
              
              49,737**Loss
                  from operations**
              
              
              (30,643
              )
              
              
              (15,144
              )
              
              
              (49,544
              )
              
              
              (38,515
              )Other
                  (Income) ExpenseInterest
                  income
              
              
              
              
              
              
              (1,165
              )
              
              
              (1,813
              )
              
              
              (2,253
              )Other
                  (income) expense
              
              
              897
              
              
              
              (525
              )
              
              
              897
              
              
              
              (525
              )Interest
                  expense
              
              
              -
              
              
              
              -
              
              
              
              40
              
              
              
              73Total
                  Other Expense
              
              
              897
              
              
              
              (1,690
              )
              
              
              (876
              )
              
              
              (2,705
              )**Net
                  loss before minority interest**
              
              
              (31,540
              )
              
              
              (13,454
              )
              
              
              (48,667
              )
              
              
              (35,810
              )Minority
                  interest
              
              
              1,260
              
              
              
              842
              
              
              
              2,300
              
              
              
              1,864**Net
                  loss**
              
              
              (30,280
              )
              
              
              (12,612
              )
              
              
              (46,368
              )
              
              
              (33,946
              )Other
                  comprehensive incomeForeign currency translation
              
              
              1,559
              
              
              
              373
              
              
              
              2,666
              
              
              
              1,134**Comprehensive
                  Income**
              
              $
              (28,721
              )
              
              $
              (12,239
              )
              
              
              (43,702
              )
              
              $
              (32,812
              )**Net
                  loss per share:**Basic
                  & diluted
              
              $
              (0.003
              )
              
              $
              (0.001
              )
              
              
              (0.004
              )
              
              $
              (0.003
              )**Weighted
                  average number of shares outstanding:**Basic
                  & diluted
              
              
              10,100,000
              
              
              
              10,100,000
              
              
              
              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


The
        accompanying notes are an integral part of these unaudited consolidated
        financial statements.




3






**ARTCRAFT
                  V, INC. AND SUBSIDIARIES****CONSOLIDATED
                  STATEMENTS OF CASH FLOWS****FOR
                  THE SIX MONTHS ENDED JUNE 30, 2007 AND 2006****(UNAUDITED)****2007**
              
              
              **2006****CASH
                  FLOWS FROM OPERATING ACTIVITIES**Net
                  Loss
              
              $
              (46,368
              )
              
              $
              (33,946
              )Adjustments
                  to
                  reconcile net loss to net cashused
                  in
                  operating activities:Depreciation
                  & amortization
              
              
              4,354
              
              
              
              4,183Minority
                  interest
              
              
              (2,300
              )
              
              
              (1,864
              )(Increase)
                  /
                  decrease in assets:Other
                  receivables
              
              
              (912
              )
              
              
              -Prepaid
                  expense
              
              
              -
              
              
              
              -Increase/
                  (decrease) in current liabilities:Accounts
                  payable and accrued expenses
              
              
              (1,230
              )
              
              
              7,674Deferred
                  revenue
              
              
              2,030
              
              
              
              727Total
                  Adjustments
              
              
              1,942
              
              
              
              10,720**Net
                  cash used in operations**
              
              
              (44,426
              )
              
              
              (23,226
              )**CASH
                  FLOWS FROM FINANCING ACTIVITIES**Note
                  receivables
              
              
              -
              
              
              
              (14,705
              )Loan
                  from related party
              
              
              93,382
              
              
              
              34,924**Net
                  cash provided by  financing activities**
              
              
              93,382
              
              
              
              20,219Effect
                  of exchange rate changes on cash and cash equivalents
              
              
              141
              
              
              
              104**Net
                  increase (decrease) in cash and cash equivalents**
              
              
              49,097
              
              
              
              (2,903
              )**Cash
                  and cash equivalents, beginning balance**
              
              
              7,750
              
              
              
              17,619**Cash
                  and cash equivalents, ending balance**
              
              $
              56,847
              
              
              $
              14,716**SUPPLEMENTAL
                  DISCLOSURES:**Cash
                  paid during the year for:Income
                  tax paid
              
              $
              -
              
              
              $
              -Interest
                  payments
              
              $
              -
              
              
              $
              73




The
        accompanying notes are an integral part of these unaudited consolidated
        financial statements.




4






**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 and six months ended June 30,
        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 June 30, 2007, deferred revenue was $8,195.
 
 
 5
 
 **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 six months periods ended June 30, 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.
 
 
 
 6
  
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)**
 
 Translation
        Adjustment
 As
        of
        June 30, 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
  Property
        & equipment consist of the following at June 30, 2007:
  **June
                  30,2007**Automobile
              
              $
              11,467Office
                  equipment
              
              
              19,94531,412Accumulated
                  depreciation
              
              
              (13,139
              )$
              18,273
 Depreciation
        and amortization expenses were $4,354 and $4,183 for the six months periods
        ended June 30, 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 six months ended June 30, 2007 and 2006.
  
 7
  
 **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 $0.004 and $0.003 for the six months
        ended
        June 30, 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:
  
 8
  **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
        (CONTINUED)**
  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.
  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
          June 30, 2007, other receivable includes unsecured cash loan of $86,311 to
          an ex shareholder. The note is due on demand carry the interest rate of
          2.25%
          annum. The interest income of $1,813 and $2,253 was recorded on the note,
          for
          the periods ended June 30, 2007 & 2006, respectively.
 **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
        June 30, 2007, total loan payable to related parties were $232,505, 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 shareholders of Artcraft V
        Inc. in
        the amount of $148,505.
 
 **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.
   9
    **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 
 **Note
        F – INTANGIBLE ASSETS**
  Intangible
        assets consist of the following at June 30, 2007:
  **June
                  30, 2007**Software
              
              $
              12,72912,729Accumulated
                  amortization
              
              
              (5,091
              )$
              7,638
  Amortization
        expense for the Company’s intangible assets over the next four fiscal years is
        estimated to be: 2008-$2,545, 2009-$2,545, 20109-$2,545, 2011-$3
  **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 June 30, 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%.
 
 The
          components of income before income taxes are as follows:
 
 **June
                    30, 2007**
                ****
                ****
                **June
                    30, 2006**Loss
                    from United States
                
                $
                41,002
                
                
                $
                29,598Loss
                    from China
                
                
                7,665
                
                
                
                6,212Loss
                    before income taxes
                
                
                48,667
                
                
                
                35,810Less:
                    Income taxes
                
                
                -
                
                
                
                -Net
                    loss available to shareholders
                
                $
                48,667
                
                
                $
                35,810
 10
  
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
  The
        Company uses 34% statutory rate for Artcraft V Inc. and 15% statutory rate
        for
        Shenzhen Xin Kai Yuen Info Consult Co., Ltd.
 
 The
        following table sets forth the significant components of the net deferred
        tax
        assets for operation in China as of June 30, 2007 and 2006.
 
 
 **June
                  30, 2007**
              ****
              ****
              **June
                  30, 2006**Net
                  operating loss carry forwards
              
              $
              28,100
              
              
              $
              7,800Total
                  deferred tax assets
              
              
              4,200
              
              
              
              1,100Less:
                  Valuation allowance
              
              
              (4,200
              )
              
              
              (1,100
              )Net
                  deferred tax assets
              
              $
              -
              
              
              $
              -
 
 The
        following table sets forth the significant components of the net deferred
        tax
        assets for operation in the United States as of June 30, 2007 and
        2006.
 
 **June
                  30, 2007**
              ****
              ****
              **June
                  30, 2006**Net
                  operating loss carry forwards
              
              $
              109,600
              
              
              $
              32,400Total
                  deferred tax assets
              
              
              37,200
              
              
              
              11,000Less:
                  Valuation allowance
              
              
              (37,200
              )
              
              
              (11,000
              )Net
                  deferred tax assets
              
              $
              -
              
              
              $
              -
 
 
 The
        following is a reconciliation of the income tax rate to the income taxes
        reflected in the Statement of Operations:
 
 **June
                  30, 2007**
              ****
              ****
              **June
                  30, 2006**China
                  tax rate
              
              
              15
              %
              
              
              15
              %U.S.
                  Statutory rates
              
              
              34
              %
              
              
              34
              %Total
              
              
              49
              %
              
              
              49
              %Valuation
                  allowance
              
              
              (49
              %)
              
              
              (49
              %)Income
                  tax expense
              
              $
              -
              
              
              $
              -
  **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 June 30, 2007, the Company had no reserves to these
        non-distributable reserve funds since it had no income from
        operations.
 
 
 11
  
 **ARTCRAFT
        V, INC. AND SUBSIDIARIES**
 **NOTES
        TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
        J – OTHER COMPREHENSIVE INCOME**
  Balances
        of related after-tax components comprising accumulated other comprehensive
        income (loss), included in stockholders’ equity, at June 30, 2007 are as
        follows:
  *Foreign
                  Currency Translation Adjustment*Balance
                  at December 31, 2006
              
              $
              3,581Change
                  for 2007
              
              
              2,666Balance
                  at June 30, 2007
              
              $
              6,247
 
 **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 $141, 837 as of June 30, 2007 including losses of $46,368 and $33,946
        for the
        six months ended June 30, 2007 and 2006. The Company’s total liabilities exceed
        its total assets by $192,790. 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 six months ended June 30, 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.






12




**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**




The
      following table presents certain consolidated statement of operations
      information for the six months ended June 30, 2007 and 2006. Certain columns
      may
      not add due to rounding.




**2007**
              
              
              **2006**Revenue,
                  net
              
              $
              11,564
              
              
              $
              11,222General
                  and administrative expenses
              
              
              61,107
              
              
              
              49,737**Income
                  from operations**
              
              
              (49,544
              )
              
              
              (38,515
              )Other
                  (Income) ExpenseInterest
                  income
              
              
              (1,813
              )
              
              
              (2,253
              )Other
                  expense
              
              
              897
              
              
              
              (525
              )Minority
                  interest
              
              
              (2,300
              )
              
              
              (1,864
              )Interest
                  expense
              
              
              40
              
              
              
              73Total
                  Other (Income) Expense
              
              
              (3,176
              )
              
              
              (4,569
              )**Net
                  loss**
              
              $
              (46,368
              )
              
              $
              (33,946
              )




**Net
      Revenue**




Net
      sales
      for the six months ended June 30, 2007 totaled $11,564 compared to $11,222
      for
      the six months ended June 30, 2006, an increase of $342, or approximately 3%.
      The increase was due to expansion of new business and the increase in the number
      of new clients.




**Operating
      Expense**




General
      and administrative expenses for the six months ended June 30, 2007 totaled
      $61,107 or approximately 528.4% of net revenue compared to $49,737 or
      approximately 443.2% of net revenue for the six months ended June 30,
      2006.  The increase in operating expense of $11,370 or approximately
      23% mainly comes from the U.S.  holding Company, which paid the audit
      fee, professional fee or legal fee. Also, for operating subsidiary in China,
      the
      company also increased  employees’  benefits, such
      as  increased wages, social securities and insurance related
      fees.




**Income
      (Loss) from Operations**




Income
      (loss) from operations for the six months ended June 30, 2007 totaled $(49,544)
      or approximately 428.4% of net revenue compared to $(38,515) or approximately
      343.2% of net revenue for the six months ended June 30, 2006, a decrease of
      $11,029 or approximately 28.6%. The decrease in income from operations was
      primarily due to increase in expenses as stated above.












**Net
      Income (Loss)**




Net
      income (loss) for the six months ended June 30, 2007 totaled $(46,368) compared
      to $(33,946) for the six months ended June 30, 2006, a decrease of $12,422
      or
      approximately 37%. 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 $56,847 at June 30, 2007 and current assets
      totaled $143,421 at June 30, 2007. The Company's total current liabilities
      were
      $333,807 at June 30, 2007. Working capital at June 30,  2007 was
      $(190,386). During the six months ended June 30, 2007, net cash used in
      operating activities was $(44,792).





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.




**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.





**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.




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.













**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 June 30, 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.

















**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:
      August 13, 2007




20