**EXHIBIT21**

**Subsidiariesof NextMart, Inc. (f/k/a Sun New Media Inc.)**

NextMart, Inc. has thefollowing subsidiary companies:

·                  Sun New Media Group Limited;

·                  Global-American Investments Inc (“GAI”);

·                  SE Global Equity Inc;

·                  SE Global Capital Inc;

·                  Sun Global Marketing Network Limited;

·                  China Focus Channel Development(HK) Limited;

·                  Sun New Media Holdings Limited;

·                  Telefaith Holdings Limited;

·                  Magzone Asia Pte Ltd;

·                  Lifestyle Magazines Publishing Pte Ltd; and

·                  China Sports Television Production Limited.

**VIEs of NextMart, Inc.  (f/k/a Sun New Media Inc.)**

·                  Sun China Media(Beijing) Technology Co., Ltd., a PRC company controlled through us by contractand is owned equally by Qiong Zhou and Jacob Di, both of whom are non-executiveemployees of the Company.

·                  Suizhou FocusTrading Development Co., Ltd., a PRC company controlled by us by contract andis engaged in marketing, information and technology services to beverage andelectronic device distributors.  It is 60% owned by Qi Yang, one of ourofficers and 25% and 15% owned by Bingwei Wu and Quanyi Mao respectively, twonon-executive employees of the Company.

·                  Shanghai ShengjiTechnology Co., Ltd, a PRC company controlled by us by contract, and is engagedin wireless mobile services. It is 40% owned by Hui Yan, 40% owned by Min Linand 20% owned by Kezhou Luan, each a non-executive employee of the Company.

·                  Sun China Media(Beijing) International Advertising Co. Ltd, a PRC company controlled by us bycontract which is engaged in the advertising business.  It is 70% owned byQiong Zhou, and 30% owned by Guosheng Wang, both of whom are non-executiveemployees of the Company.

·                  Dragon List Co.Ltd, a PRC company controlled by us by contract and is engaged in digitalpublishing business.  It is 70% owned by Qiong Zhou, and 30% owned byJacob Di, both of whom are non-executive employees of the Company.

·                  Sun Trade Media(Beijing) Co. Ltd, a PRC company controlled by us by contract and is engaged indigital publishing business.  It is 70% owned by Qiong Zhou, and 30% ownedby Jacob Di, both of whom are non-executive employees of the Company.

·                  Sun Asia(Beijing) Investments Consultants Ltd, a PRC company controlled by us bycontract and is engaged in the provision of consultancy services.  It is60% owned by Qiong Zhou, and 40% owned by Xiaoang Li, both of whom arenon-executive employees of the Company.

·                  NextMartTechnology (Beijing) Co. Ltd, a PRC company controlled by us by contract and isengaged in software 

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development.  It is 70% owned by Qiong Zhou, and 30% owned byJacob Di, both of whom are non-executive employees of the Company.

·                  Wuhan XindaWeiye Trade and Development Co. Ltd, a PRC company controlled by us by contractand engaged in trading.  It is 40% owned by Jin Liu, 30% owned by WanzhiZhu and 30% owned by Mingde Jiang, all of whom are non-executive employees ofthe Company.

·                  Beijing TransGlobal Logistics, a PRC company 80% by us by contract and engaged intrading.  It is 80% owned by Qiong Zhou, 10% owned by Yong Li and 10%owned by Mianchun Wang, Qiong Zhou is a non-executive employees of the Company.

·                  NaixiuExhibition (Beijing) Co. Ltd, a PRC company that is controlled by us and owned50% Li Yong and 50% by Wang Jinghchun. Li Yong and Wang Jingchun arenon-executive employees of the Company.

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