**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**Washington,
      D.C. 20549**


_____________




**Amendment
          No. 1 to**
 **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 September 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**
            **26-0744863**(State
                or other jurisdiction of incorporation or organization)
            (IRS
                Employee Identification No.)




**Room
                1131, XianKeJiDian Building**
              **BaGuaSi
                Road, Futian
                District**
              **Shenzhen
                City, China
                518029**(Address
                of principal executive offices)




**011-86755
                23990959**(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  T        No
      o






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


Yes T         No
          o




State
      the
      number of shares outstanding of each of the issuer’s classes of common equity,
      as of November 01, 2007: shares of common stock: 10,250,000






Transitional
      Small Business Disclosure
      Format:      Yes £        No  T




**Item
          1. Financial
          Statements.**
 
 
 
  
 
 
 **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 
 
 **CONDENSED
          CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)**
 
 **September
          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
 *Page
            1*
  **ARTCRAFT
                    V, INC. AND SUBSIDIARIES****CONSOLIDATED
                    BALANCE SHEET****SEPTEMBER
                    30, 2007****(UNAUDITED)****ASSETS****Current
                    Assets**Cash
                    and cash equivalents
                
                $
                59,628Other receivable from related parties
                
                
                267Loans receivable
                
                
                145,126Total
                    Current Assets
                
                
                205,021**Property
                    & equipment, net**
                
                
                16,943**Intangible
                    assets, net**
                
                
                7,102$
                229,066**LIABILITIES
                    AND STOCKHOLDERS' DEFICIT****Current
                    Liabilities**Accounts payable and accrued expenses
                
                $
                52,814Loan payable to related party
                
                
                240,342Deferred
                    revenue
                
                
                5,725Total
                    Current Liabilities
                
                
                298,881Minority
                    Interest
                
                
                27,625**Stockholders'
                    Deficit**Common
                    stock, $.001 par value, 100,000,000shares
                    authorized, 10,250,000 issued and outstanding
                
                
                10,250Additional paid in capital
                
                
                102,550Subscription receivable
                
                
                (50,000
                )Other
                    accumulated comprehensive gain
                
                
                8,161Accumulated deficit
                
                
                (168,402
                )Total
                    Stockholders' Deficit
                
                
                (97,441
                )$
                229,066
  The
          accompanying notes are an integral part of these unaudited consolidated
          financial statements.
  *Page
            2*
  **ARTCRAFT
                      V, INC. AND SUBSIDIARIES****CONSOLIDATED
                      STATEMENTS OF OPERATIONS****(UNAUDITED)****Three
                      Month Periods Ended**
                  
                  
                  **Nine
                      Month Periods Ended****September
                      30, 2007**
                  
                  
                  **September
                      30, 2006**
                  
                  
                  **September
                      30, 2007**
                  
                  
                  **September
                      30, 2006****Revenue,
                      net**
                  
                  $
                  7,248
                  
                  
                  $
                  5,198
                  
                  
                  $
                  18,812
                  
                  
                  $
                  16,420**Operating
                      Expenses:**General
                      and administrative expenses
                  
                  
                  34,962
                  
                  
                  
                  16,806
                  
                  
                  
                  96,109
                  
                  
                  
                  66,543**Loss
                      from operations**
                  
                  
                  (27,714
                  )
                  
                  
                  (11,608
                  )
                  
                  
                  (77,297
                  )
                  
                  
                  (50,123
                  )Other
                      (Income) ExpenseInterest
                      income
                  
                  
                  (460
                  )
                  
                  
                  (1,097
                  )
                  
                  
                  (1,376
                  )
                  
                  
                  (3,350
                  )Other
                      income
                  
                  
                  -
                  
                  
                  
                  50
                  
                  
                  
                  -
                  
                  
                  
                  (525
                  )Interest
                      expense
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  -
                  
                  
                  
                  123Total
                      Other Expense
                  
                  
                  (460
                  )
                  
                  
                  (1,047
                  )
                  
                  
                  (1,376
                  )
                  
                  
                  (3,752
                  )**Net
                      loss before minority interest**
                  
                  
                  (27,254
                  )
                  
                  
                  (10,561
                  )
                  
                  
                  (75,921
                  )
                  
                  
                  (46,371
                  )Minority
                      interest
                  
                  
                  689
                  
                  
                  
                  825
                  
                  
                  
                  2,989
                  
                  
                  
                  2,689**Net
                      loss**
                  
                  
                  (26,565
                  )
                  
                  
                  (9,736
                  )
                  
                  
                  (72,933
                  )
                  
                  
                  (43,682
                  )Other
                      comprehensive incomeForeign
                      currency translation
                  
                  
                  1,914
                  
                  
                  
                  1,269
                  
                  
                  
                  4,580
                  
                  
                  
                  2,403**Comprehensive
                      Income**
                  
                  $
                  (24,652
                  )
                  
                  $
                  (8,467
                  )
                  
                  $
                  (68,353
                  )
                  
                  $
                  (41,279
                  )**Net
                      loss per share:**Basic
                      & diluted
                  
                  $
                  (0.002
                  )
                  
                  $
                  (0.001
                  )
                  
                  $
                  (0.007
                  )
                  
                  $
                  (0.004
                  )**Weighted
                      average number of shares outstanding:**Basic
                      & diluted
                  
                  
                  10,164,286
                  
                  
                  
                  10,100,000
                  
                  
                  
                  10,121,507
                  
                  
                  
                  10,100,000Weighted
                      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.
   *Page
              3*
  **ARTCRAFT
                      V, INC. AND SUBSIDIARIES****CONSOLIDATED
                      STATEMENTS OF CASH FLOWS****FOR
                      THE NINE MONTH PERIODS****ENDED
                      SEPTEMBER 30, 2007 AND 2006****(UNAUDITED)****2007**
                  
                  
                  **2006****CASH
                      FLOWS FROM OPERATING ACTIVITIES**Net Loss
                  
                  $
                  (72,933
                  )
                  
                  $
                  (43,682
                  )Adjustments
                      to reconcile net loss to net cashused
                      in operating activities:Depreciation & amortization
                  
                  
                  6,578
                  
                  
                  
                  6,293Minority interest
                  
                  
                  (2,989
                  )
                  
                  
                  (2,689
                  )Increase/
                      (decrease) in current liabilities:Accounts
                      payable and accrued expenses
                  
                  
                  18,356
                  
                  
                  
                  8,104Deferred revenue
                  
                  
                  (490
                  )
                  
                  
                  (208
                  )Total
                      Adjustments
                  
                  
                  (37,747
                  )
                  
                  
                  11,500**Net
                      cash used in operations**
                  
                  
                  (110,679
                  )
                  
                  
                  (32,182
                  )**CASH
                      FLOWS FROM FINANCING ACTIVITIES**Loan receivables
                  
                  
                  (57,295
                  )
                  
                  
                  (9,836
                  )Issuance of shares
                  
                  
                  60,000
                  
                  
                  
                  -Loan
                      from related party
                  
                  
                  101,219
                  
                  
                  
                  34,924**Net
                      cash provided by  financing activities**
                  
                  
                  163,126
                  
                  
                  
                  25,088Effect
                      of exchange rate changes on cash and cash equivalents
                  
                  
                  (568
                  )
                  
                  
                  462**Net
                      increase (decrease) in cash and cash equivalents**
                  
                  
                  51,878
                  
                  
                  
                  (6,632
                  )**Cash
                      and cash equivalents, beginning balance**
                  
                  
                  7,750
                  
                  
                  
                  17,619**Cash
                      and cash equivalents, ending balance**
                  
                  $
                  59,628
                  
                  
                  $
                  10,987**SUPPLEMENTAL
                      DISCLOSURES:**Cash
                      paid during the year for:Income
                      tax payments
                  
                  $
                  -
                  
                  
                  $
                  -Income tax paid
                  
                  $
                  -
                  
                  
                  $
                  -Interest payments
                  
                  $
                  -
                  
                  
                  $
                  123
   The
          accompanying notes are an integral part of these unaudited consolidated
          financial statements.
   *Page
              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 nine months ended September 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 September 30, 2007, deferred revenue was
          $5,725.
 
 
 
 
 *Page
              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 three month periods ended September 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.
 
 
 
 
 *Page
              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
            September 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
  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 nine months ended September 30, 2007 and 2006.
 *Page
              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 are 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 $0.007 and $0.004 for
            the nine
            months ended September 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:
    *Page
                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 - LOANSRECEIVABLE**
  As
            of
            September 30, 2007, the Company has advanced loans to an ex-shareholder.
            The
            loan receivable of $60,453 is unsecured, non interest-bearing and due
            on demand.
            The loan receivable of $84,673 is due on demand and interest bearing.
            Interest
            receivable of $4,633 has been accrued as of September 30, 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 September 30, 2007, total loan payable to related parties were
            $240,342
            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 $156,342.
 
 As of September 30, 2007, the Company advanced $267 to Mr Lian, CEO of
            Shenzhen Xin Kai Yuen Info Consult Co Ltdas petty cash.
 
 
 
 *Page
                9*
 
  
  **ARTCRAFT
            V, INC. AND SUBSIDIARIES**
 **NOTES
            TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **Note
            E -  PROPERTY & EQUIPMENT**
  Property
            & equipment consist of the following at September 30, 2007:
  September
                      30, 2007Automobile
                  
                  $
                  11,633Office
                      equipment
                  
                  $
                  20,233$
                  31,866Accumulated
                      depreciation
                  
                  $
                  (14,923
                  )$
                  16,943
 
 
 Depreciation
            and amortization expenses were $6,578 and $6,293 for the nine month periods
            ended September 30, 2007 and 2006, respectively. Depreciation and amortization
            expenses were $2,224 and $2,110 for the three month periods ended September
            30,
            2007 and 2006, respectively.
 
 **Note
            F -  INTANGIBLE ASSETS**
  Intangible
            assets consist of the following at September 30, 2007:
   September
                      30,
                    2007Software
                  
                  $
                  12,91312,913Accumulated
                      amortization
                  
                  
                  (5,811
                  )$
                  7,102
  Amortization
            expense for the Company’s intangible assets over the next three fiscal
            years is estimated to be: 2008-$2,582, 2009-$2,582, 2010-$1,938.
 
 
 **Note
            G - COMMON STOCK**
  On
            May
            17, 2005, the Company agreed to issue 150,000 shares of common stock
            to
            individuals for $60,000 ($0.40 per share). The shares were issued in
            August
            2007, and the cash was received in July 2007.
 *Page
              10*
  **ARTCRAFT
          V, INC. AND SUBSIDIARIES**
 **NOTES
          TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS**
 **(UNAUDITED)**
 
 **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 September 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%.
  Income
          tax provision for the nine months ended September 30, 2007:
  September
                    30, 2007Provision
                    for PRC Income and local taxes
                
                $
                0U.S
                    Statutory rates
                
                
                34
                %Foreign
                    income not recognized in USA
                
                
                (34
                %)PRC
                    income tax applied
                
                
                15
                %Valuation
                    allowance
                
                
                (15
                %)Effective
                    rate
                
                
                0
                %
 
 
 **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 September 30, 2007, the Company had no reserves to these
          non-distributable reserve funds since it had no income from
          operations.
 
  *Page
              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 September 30, 2007 are as
          follows:
  *Foreign
                    Currency Translation Adjustment*Balance
                    at December 31, 2006
                
                $
                3,581Change
                    for 2007
                
                $
                4,575Balance
                    at September 30, 2007
                
                $
                8,156
 
 **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 $168,402 as of September 30, 2007 including losses
          of
          $72,933 and $43,682 for the nine months ended September 30, 2007 and 2006.
          The
          Company’s total liabilities exceed its total assets by $69,815. 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 nine months ended September 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.
 
  *Page
              12*
 
 
 **Item
          2. Management's
          Discussion and Analysis or Plan of Operation.**
 
 
 **RESULTS
          OF OPERATIONS FOR THE THREE MONTHS AND SIX MONTHS ENDED SEPTEMBER 30, 2007
          AND
          2006**
 
 The
          following table presents certain consolidated statement of operations
          information for the three months ended September 30, 2007 and 2006. The
          discussion following the table is based on these results. Certain columns
          may
          not add due to rounding.
  
 **2007**
                  
                  
                  **2006**Revenue,
                      net
                  
                  $
                  7,248
                  
                  
                  $
                  5,198General
                      and administrative expenses
                  
                  
                  34,962
                  
                  
                  
                  16,806**Income
                      from operations**
                  
                  
                  (27,714
                  )
                  
                  
                  (11,608
                  )Other
                      (Income) ExpenseInterest
                      income
                  
                  
                  (460
                  )
                  
                  
                  (1,097
                  )Other
                      income
                  
                  
                  -
                  
                  
                  
                  50Minority
                      interest
                  
                  
                  (689
                  )
                  
                  
                  (825
                  )Interest
                      expense
                  
                  
                  -
                  
                  
                  
                  -Total
                      Other (Income) Expense
                  
                  
                  (1,149
                  )
                  
                  
                  (1,872
                  )**Net
                      loss**
                  
                  $
                  (26,565
                  )
                  
                  $
                  (9,736
                  )
  **Net
            Revenue**
  Net
            sales
            for the three months ended September 30, 2007 totaled $7,248 compared
            to $5,198
            for the three months ended September 30, 2006, an increase of $2,050
            or
            approximately 39.4%. The increase was due to the increase in the number of
            new clients.
 
  **Operating
            Expense**
  General
            and administrative expenses for the three months ended September 30,
            2007
            totaled $34,962 or approximately 482.4% of net revenue compared to $16,806
            or
            approximately 323.3% of net revenue for the three months ended September
            30,
            2006.  The increase in operating expense of $18,156 or approximately
            108% was due to increased expenses incurred for the expansion of the
            business.
 
  **Income
            (Loss) from Operations**
  Income
            (loss) from operations for the three months ended September 30, 2007
            totaled
            $(27,714) or approximately 382.4% of net revenue compared to $(11,608)
            or
            approximately 223.3% of net revenue for the three months ended September
            30,
            2006, a decrease of $16,106 or approximately 138.7%. The decrease in income
            from operations was primarily due to increase in expenses as stated
            above.
 
  **Net
            Income (Loss)**
  Net
            income (loss) for the three months ended September 30, 2007 totaled $(26,565)
            compared to $(9,736) for the three months ended September 30, 2006, a
            decrease
            of $16,829 or approximately 172%. The decrease in net loss was primarily due
            to reason described above.
 
 
 **RESULTS
            OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2007 AND
            2006**
  The
            following table presents certain consolidated statement of operations
            information for the nine months ended September 30, 2007 and 2006. The
            discussion following the table is based on these results. Certain columns may
            not add due to rounding.
 
  
   **2007**
                    
                    
                    **2006**Revenue,
                        net
                    
                    $
                    18,812
                    
                    
                    $
                    16,420General
                        and administrative expenses
                    
                    
                    96,109
                    
                    
                    
                    66,543**Income
                        from operations**
                    
                    
                    (77,297
                    )
                    
                    
                    (50,123
                    )Other
                        (Income) ExpenseInterest
                        income
                    
                    
                    (1,376
                    )
                    
                    
                    (3,350
                    )Other
                        income
                    
                    
                    -
                    
                    
                    
                    (525
                    )Minority
                        interest
                    
                    
                    (2,989
                    )
                    
                    
                    (2,689
                    )Interest
                        expense
                    
                    
                    -
                    
                    
                    
                    123Total
                        Other (Income) Expense
                    
                    
                    (4,365
                    )
                    
                    
                    (6,441
                    )**Net
                        loss**
                    
                    $
                    (72,932
                    )
                    
                    $
                    (43,682
                    )
   **Net
            Revenue**
  Net
            sales
            for the nine months ended September 30, 2007 totaled $18,812 compared
            to $16,420
            for the nine months ended September 30, 2006, an increase of $2,392,
            or
            approximately 14.6%. The increase was due to the increase in the number of
            new clients.
 
  **Operating
            Expense**
  General
            and administrative expenses for the nine months ended September 30, 2007
            totaled
            $96,109 or approximately 511% of net revenue compared to $66,543 or
            approximately 405.3% of net revenue for the nine months ended September
            30,
            2006.  The increase in operating expense of $29,566 or approximately
            44.4% was due to increased expenses incurred for the expansion of the
            business.
 
  **Income
            (Loss) from Operations**
  Income
            (loss) from operations for the nine months ended September 30, 2007 totaled
            $(77,297) or approximately 411% of net revenue compared to $(50,123)
            or
            approximately 305.3% of net revenue for the nine months ended September
            30,
            2006, a decrease of $27,174 or approximately 54.2%. The decrease in income
            from operations was primarily due to increase in expenses as stated
            above.
 
  **Net
            Income (Loss)**
  Net
            income (loss) for the nine months ended September 30, 2007 totaled $(72,933)
            compared to $(43,682) for the nine months ended September 30, 2006, a
            decrease
            of $29,251 or approximately 67%. 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 $59,628 at September 30, 2007 and current
            assets
            totaled $205,020 at September 30, 2007. The Company's total current liabilities
            were $298,881 at September 30, 2007. Working capital at September 30,
            2007 was
            $(93,861). During the nine months ended September 30, 2007, net cash
            used in
            operating activities was $(108,773).
  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.
   
 
 **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. Control 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,
            2007.  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 third quarter of fiscal 2007 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, to the best
            of our
            knowledge, no such action 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 September 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:
              December 6, 2007