| Delaware                                                       |   | 52-2224845                           |
|----------------------------------------------------------------|--------|--------------------------------------|
| (State or other jurisdiction of incorporation or organization) |   | (I.R.S. Employer Identification No.) |

|                                                                                                                                 |                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------|
|  Large accelerated filer           o       |  Accelerated filer     o         |
|                                                                                                                                 |                                                      |
|  Non-accelerated filer             o            |  Smaller reporting company     x |
|  (Do not check if a smaller reporting company)                                                                                  |                                                      |

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|                                                                                                           |                                                                                                                                                | PAGE   |
|----------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                           |                                                                                                                                                |   |
| PART I - FINANCIAL INFORMATION                                                                                 |                                                                                                                                                |
|                                                                                                           |                                                                                                                                                |   |
| ITEM 1.   FINANCIAL STATEMENTS                                                                  |                                                                                                                                                |
|                                                                                                           |                                                                                                                                                |   |
|                                                                                                           | Condensed Consolidated Balance Sheets at September 30, 2010 (Unaudited) and June 30, 2010                                                           | 3      |
|                                                                                                           |                                                                                                                                                |   |
|                                                                                                           | Unaudited Condensed Consolidated Statements of Operations for the three months ended September 30, 2010 and 2009                                    | 4      |
|                                                                                                           |                                                                                                                                                |   |
|                                                                                                           | Unaudited Consolidated Statement of Changes in Stockholder’s deficit for the three months and year ended September 30, 2010 and June 30, 2010 | 6      |
|                                                                                                           |                                                                                                                                                |   |
|                                                                                                           | Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2010 and 2009                                     | 7      |
|                                                                                                           |                                                                                                                                                |   |
|                                                                                                           | Notes to Financial Statements                                                                                                                       | 8      |
|                                                                                                           |                                                                                                                                                |   |
| ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 13                                                                                                                                                  |
|                                                                                                           |                                                                                                                                                |   |
| ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            | 15                                                                                                                                                  |
|                                                                                                           |                                                                                                                                                |   |
| ITEM 4.   CONTROLS AND PROCEDURES                                                               | 15                                                                                                                                                  |
|                                                                                                           |                                                                                                                                                |   |
| PART II - OTHER INFORMATION                                                                                    |                                                                                                                                                |
|                                                                                                           |                                                                                                                                                |   |
| ITEM 6. EXHIBITS                                                                                               | 17                                                                                                                                                  |
|                                                                                                           |                                                                                                                                                |   |
|                                                                                                           | SIGNATURES                                                                                                                                          | 18     |
|                                                                                                           |
|                                                                                                           |                                                                                                                                                |   |

----

|                                                                                                      |   |         |   |   | September 30, 2010(Unaudited) |   |        | June 30, 2010 |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------------|--------|--------|-------------------------------|--------|-------------|---------------|--------|
|                                                                                                      |   | Note         |   |   | (US$)                         |   |        | (Rmb)         |   |   | (Rmb) |   |
| ASSETS                                                                                                    |   |         |   |   | (Illustrative                 |   |        |          |   |   |   |   |
|                                                                                                      |   |         |   |   |  only)                   |   |        |          |   |   |   |   |
| Current Assets:                                                                                           |   |         |   |   |                          |   |        |          |   |   |   |   |
| Cash                                                                                                      |   |         |   |   |                          | 6,602  |        |          |   | 44,223 |   |   |   | 47,133 |   |
| Rental deposits                                                                                           |   |         |   |   |                          | 3,135  |        |          |   | 21,000 |   |   |   | 21,000 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| Total Assets                                                                                              |   |    |   |   |                          | 9,737  |        |          |   | 65,223 |   |   |   | 68,133 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                               |   |         |   |   |                          |   |        |          |   |   |   |   |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| Current Liabilities:                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                                                     |   |         |   |   |                          | 47,105 |        |          |   | 315,514 |   |   |   | 247,027 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| Total current liabilities                                                                                 |   |         |   |   |                          | 47,105 |        |          |   | 315,514 |   |   |   | 247,027 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| Non-Current Liabilities:                                                                                  |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |
| Payable to related party with convertible option                                                          |   |         | 7      |   |                          |   | 12,092,609  |          |   |   | 80,997,509 |   |   |   | 81,243,913 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |   |
| Total non-current liabilities                                                                             |   |         |   |   |                          |   | 12,092,609  |          |   |   | 80,997,509 |   |   |   | 81,243,913 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |   |
| COMMITMENTS AND CONTINGENCIES                                                                             |   |         | 8      |   |                          |   |        |          |   |   |   |   |   |   |   |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |   |
| Stockholders’ Deficit:                                                                              |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |   |
| Common stock, US$0.001 par value, 100,000,000 shares authorized and 50,155,000 shares issued, outstanding |   |         |   |   |                          |   | 61,041      |          |   |   | 408,864 |   |   |   | 408,864 |   |
| Additional paid-in capital                                                                                |   |         |   |   |                          |   | 181,263     |          |   |   | 1,214,118 |   |   |   | 1,214,118 |   |
| Accumulated deficit before reenteringdevelopment stage                                                    |   |         |   |   |                          |   | (12,497,342 | )             |   |   | (83,708,451 | ) |   |   | (83,708,451 | ) |
| Accumulated deficit from inceptionof reentering development stage                                         |   |         |   |   |                          |   | (367,616    | )             |   |   | (2,462,330 | ) |   |   | (2,269,137 | ) |
| Other comprehensive income                                                                                |   |         |   |   |                          |   | 492,677     |          |   |   | 3,299,999 |   |   |   | 2,931,799 |   |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |   |
| Total stockholders’ deficit                                                                         |   |         |   |   |                          |   | (12,129,977 | )             |   |   | (81,247,800 | ) |   |   | (81,422,807 | ) |
|                                                                                                      |   |         |   |   |                          |   |        |          |   |   |   |   |   |   |   |   |
| Total Liabilities and Stockholders’ Deficit                                                         |   |         |   |   |                          |   | 9,737       |          |   |   | 65,223 |   |   |   | 68,133 |   |

----

|                                                                            |   | For the three months ended |    |   | Cumulative since reentering development stage on |   |
|---------------------------------------------------------------------------------|--------|----------------------------|---------|--------|--------------------------------------------------|--------|
|                                                                            |   | September 30, 2010         |    |   | September 30,2009                                |   |   | December 10, 2007 to September 30, 2010 |   |
|                                                                            |   | (US$)                      |    |   | (Rmb)                                            |   |   | (Rmb) |   |   | (Rmb) |   |
|                                                                            |   | (Illustrative              |    |   |                                             |   |   |   |   |   |   |   |
|                                                                            |   |  only)                |    |   |                                             |   |   |   |   |   |   |   |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |
| General and administrative expenses                                             |   |                       | (28,843 | )      |                                             |   | (193,193 | ) |   |   | (193,902 | ) |   |   | (2,462,330 | ) |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                        |   |                       | (28,843 | )      |                                             |   | (193,193 | ) |   |   | (193,902 | ) |   |   | (2,462,330 | ) |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income, before tax:Foreign exchange translation adjustments |   |                       | 54,971  |   |                                             |   | 368,200 |   |   |   | - |   |   |   | 1,404,254 |   |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Income tax expense related to other comprehensive income                        |   |                       | -       |   |                                             |   | - |   |   |   | - |   |   |   | - |   |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income, net of tax                                          |   |                       | 54,971  |   |                                             |   | 368,200 |   |   |   | - |   |   |   | 1,404,254 |   |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL COMPREHENSIVE (INCOME) LOSS                                               |   |                       | 26,128  |   |                                             |   | 175,007 |   |   |   | (193,902 | ) |   |   | (1,058,076 | ) |

----

|                                                                           |   |   |   |   | For the three months ended |   |       | Cumulative since reentering development stage on |   |
|--------------------------------------------------------------------------------|--------|--------|--------|--------|----------------------------|--------|------------|--------------------------------------------------|--------|
|                                                                           |   |   |   |   | September 30, 2010         |   |       | September 30, 2009                               |   |   | December 10, 2007 to September 30, 2010 |   |
|                                                                           |   | Note   |   |   | (US$)                      |   |       | (Rmb)                                            |   |   | (Rmb) |   |   | (Rmb) |   |
|                                                                           |   |   |   |   | (Illustrative )            |   |       |                                             |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |  only                 |   |       |                                             |   |   |   |   |   |   |   |
| Basic and Diluted Loss Per Share                                               |   |   | 6      |   |                       |   |       |                                             |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |                       |   |       |                                             |   |   |   |   |   |   |   |   |
| Loss per share of common stock (cents)                                         |   |   |   |   |                       |   | (0.0006    | )                                                |   |   | (0.0039 | ) |   |   | (0.0039 | ) |   |   | (0.0491 | ) |
|                                                                           |   |   |   |   |                       |   |       |                                             |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Common  Stock Outstanding – basic and diluted |   |   |   |   |                       |   | 50,155,000 |                                             |   |   | 50,155,000 |   |   |   | 50,155,000 |   |   |   | 50,155,000 |   |
|                                                                           |   |   |   |   |                       |   |       |                                             |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                           |   |   |   |   |                       |   |       |                                             |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                         |   | Common stock  |       |   | Additional paid-in capital  |   |    | Accumulateddeficit before reenteringdevelopment stage |   |   | Accumulateddeficit frominception of reenteringdevelopmentstage |   |   | Accumulatedothercomprehensive income |        |   | Total  |   |
|----------------------------------------------|--------|-------------------------|------------|--------|--------------------------------------------|--------|---------|----------------------------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|--------|--------------------------------------|-------------|--------|--------|--------|
|                                         |   | Number                  |       |   | (Rmb)                                      |   |    | (Rmb)                                                                |   |   | (Rmb)                                                          |   |   | (Rmb)                                |        |   | (Rmb)  |   |   | (Rmb) |   |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |
| Balance as of June 30, 2009                  |   |                    | 50,155,000 |   |                                       |   | 408,864 |                                                                 |   |   | 1,214,118                                                      |   |   |                                 | (83,708,451 | )      |   |   | (1,398,453 | ) |   |   | 2,931,799 |   |   |   | (80,552,123 | ) |
| Net loss for the year                        |   |                    | -          |   |                                       |   | -       |                                                                 |   |   | -                                                              |   |   |                                 | -           |   |   |   | (870,684 | ) |   |   | - |   |   |   | (870,684 | ) |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as ofJuly 1, 2010                    |   |                    | 50,155,000 |   |                                       |   | 408,864 |                                                                 |   |   | 1,214,118                                                      |   |   |                                 | (83,708,451 | )      |   |   | (2,269,137 | ) |   |   | 2,931,799 |   |   |   | (81,422,807 | ) |
| Net income (loss) for the period (unaudited) |   |                    | -          |   |                                       |   | -       |                                                                 |   |   | -                                                              |   |   |                                 | -           |   |   |   | (193,193 | ) |   |   | 368,200 |   |   |   | 175,007 |   |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance as of September 30, 2010 (unaudited) |   |                    | 50,155,000 |   |                                       |   | 408,864 |                                                                 |   |   | 1,214,118                                                      |   |   |                                 | (83,708,451 | )      |   |   | (2,462,330 | ) |   |   | 3,299,999 |   |   |   | (81,247,800 | ) |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                         |   |                    |       |   |                                       |   |    |                                                                 |   |   |                                                           |   |   |                                 |        |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                                                             |   | For the three months ended |    |   | Cumulative since reentering development stage on |   |
|----------------------------------------------------------------------------------|--------|----------------------------|---------|--------|--------------------------------------------------|--------|
|                                                                             |   | September 30, 2010         |    |   | September 30, 2009                               |   |   | December 10, 2007 to September 30, 2010 |   |
|                                                                             |   | (US$)                      |    |   | (Rmb)                                            |   |   | (Rmb) |   |   | (Rmb) |   |
|                                                                             |   | (Illustrative              |    |   |                                             |   |   |   |   |   |   |   |
| Cash Flows from Operating Activities:                                            |   |  only)                |    |   |                                             |   |   |   |   |   |   |   |
| Net loss                                                                         |   |                       | (28,843 | )      |                                             |   | (193,193 | ) |   |   | (193,902 | ) |   |   | (2,462,330 | ) |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Change in operating assets and liabilities:                                 |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Decrease in:                                                                     |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Rental deposits                                                                  |   |                       | -       |   |                                             |   | - |   |   |   | - |   |   |   | 23,608 |   |
| Increase in:                                                                     |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                       |   |                       | 10,798  |   |                                             |   | 72,326 |   |   |   | 84,630 |   |   |   | 138,457 |   |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net cash used in operating activities                                            |   |                       | (18,045 | )      |                                             |   | (120,867 | ) |   |   | (109,272 | ) |   |   | (2,300,265 | ) |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                            |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Advances from 45.6% stockholder                                                  |   |                       | 17,751  |   |                                             |   | 118,901 |   |   |   | 105,304 |   |   |   | 2,215,810 |   |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by financing activities                                        |   |                       | 17,751  |   |                                             |   | 118,901 |   |   |   | 105,304 |   |   |   | 2,215,810 |   |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Effect of Exchange Rate Changes on Cash                                          |   |                       | (141    | )      |                                             |   | (944 | ) |   |   | - |   |   |   | (2,994 | ) |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net Decrease in Cash                                                             |   |                       | (435    | )      |                                             |   | (2,910 | ) |   |   | (3,968 | ) |   |   | (87,449 | ) |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cash, beginning of period                                                        |   |                       | 7,037   |   |                                             |   | 47,133 |   |   |   | 33,857 |   |   |   | 131,672 |   |
|                                                                             |   |                       |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cash, end of period                                                              |   |                       | 6,602   |   |                                             |   | 44,223 |   |   |   | 29,889 |   |   |   | 44,223 |   |

----

|   | The consolidated financial statements have been prepared assuming the Company will continue operating as a going concern. Following the termination of operations as more fully explained in note 3 to these financial statements, the Company’s business has been suspended as of November 2007 and the Company will likely seek to enter into a business combination with one or more yet to be identified privately held businesses. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company’s ability to continue as a going concern is dependent upon several factors, including, but not limited to, continued financial support by the 45.6% stockholder, the successfulness of a possible business combination and whether the post-combination business would be able to achieve and maintain profitable operations and to raise additional capital.  The accompanying consolidated financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | The Company is confident that its 45.6% stockholder, Honview International Limited (“Honview”), will continue to provide funding during the forthcoming year. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| Item 6.  Exhibits. |
|------------------------------|
|                         |   |   |
| 31.1                    |   | Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer |
|                         |   |   |
| 32.1          |   | Section 1350 Certification of Chief Executive Officer |

| Date:  November 18, 2010  |                                          |
|------------------------------------------|-----------------------------------------------|
|                                     | COL CHINA ONLINE INTERNATIOONAL INC.          |
|                                     | (Registrant)                             |
|                                     |                                          |
|                                     |                                          |
|                                     | By:   /s/  Chi Keung Wong |
|                                     | Chi Keung Wong                           |
|                                     | Chief Executive Officer and              |
|                                     | Chief Financial Officer                  |
|                                     | (Principal Accounting Officer)           |
|                                     |                                          |

----

| Exhibit No.      Description |
|------------------------------------------------------------|
|                                                       |   |   |
| 31.1                                                  |   | Rule 13a-14(a) / 15d-14(a) Certification of Chief Executive Officer |
|                                                       |   |   |
| 32.1                                        |   | Section 1350 Certification of Chief Executive Officer |

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