|  x |  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934   |
|---------|------------------------------------------------------------------------------------------------------|
|    |                                                                                                 |
|    | For the quarterly period ended December 31, 2010                                                     |
|    |   OR                                                                                       |
|    |                                                                                                 |
|  o |  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934  |

| 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)     |                                                |

----

|                                                                                                           |                                                                                                                                    | PAGE   |
|----------------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                           |                                                                                                                                    |   |
| PART I - FINANCIAL INFORMATION                                                                                 |                                                                                                                                    |
|                                                                                                           |                                                                                                                                    |   |
| ITEM 1.   FINANCIAL STATEMENTS                                                                  |                                                                                                                                    |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           | Condensed Consolidated Balance Sheets at December 31, 2010 (Unaudited) and June 30, 2010                                                | 3      |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           | Unaudited Condensed Consolidated Statements of Operations for the three and six months ended December 31, 2010 and 2009                 | 4      |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           | Unaudited Consolidated Statement of Changes in Stockholder’s deficit for the six months ended December 31, 2010 and June 30, 2010 | 6      |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           | Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended December 31, 2010 and 2009                           | 7      |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           | Notes to Financial Statements                                                                                                           | 8      |
|                                                                                                           |                                                                                                                                    |   |
| ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS | 11                                                                                                                                      |
|                                                                                                           |                                                                                                                                    |   |
| ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK                            | 13                                                                                                                                      |
|                                                                                                           |                                                                                                                                    |   |
| ITEM 4.   CONTROLS AND PROCEDURES                                                               | 13                                                                                                                                      |
|                                                                                                           |                                                                                                                                    |   |
| PART II - OTHER INFORMATION                                                                                    |                                                                                                                                    |
|                                                                                                           |                                                                                                                                    |   |
| ITEM 6.    EXHIBITS                                                                             | 15                                                                                                                                      |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           | SIGNATURES                                                                                                                              | 15     |
|                                                                                                           |
|                                                                                                           |                                                                                                                                    |   |
|                                                                                                           |                                                                                                                                    |   |

----

|                                                                                                      |   |   |   | DECEMBER 31, 2010(Unaudited) |        |   | June 30, 2010 |   |
|-----------------------------------------------------------------------------------------------------------|--------|--------|--------|------------------------------|-------------|--------|---------------|--------|
|                                                                                                      | Note   |   |   | (US$)                        |        |   | (Rmb)         |   |   | (Rmb) |   |
| ASSETS                                                                                                    |   |   |   | (Illustrative only)          |        |   |          |   |   |   |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |
| Current Assets:                                                                                           |   |   |   |                         |        |   |          |   |   |   |   |
| Cash                                                                                                      |   |   |   |                         | 7,067       |   |          |   | 46,581 |   |   |   | 47,133 |   |
| Rental deposits                                                                                           |   |   |   |                         | 3,186       |   |          |   | 21,000 |   |   |   | 21,000 |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Total Assets                                                                                              |   |   |   |                         | 10,253      |   |          |   | 67,581 |   |   |   | 68,133 |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT                                                               |   |   |   |                         |        |   |          |   |   |   |   |   |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Current Liabilities:                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Accounts payable and accrued expenses                                                                     |   |   |   |                         | 22,051      |   |          |   | 145,354 |   |   |   | 247,027 |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Total current liabilities                                                                                 |   |   |   |                         | 22,051      |   |          |   | 145,354 |   |   |   | 247,027 |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Non-Current Liabilities:                                                                                  |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Payable to related party with convertible option                                                          | 7      |   |   |                         | 12,303,318  |   |          |   | 81,100,887 |   |   |   | 81,243,913 |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Total non-current liabilities                                                                             |   |   |   |                         | 12,303,318  |   |          |   | 81,100,887 |   |   |   | 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 |   |   |   |                         | 62,026      |   |          |   | 408,864 |   |   |   | 408,864 |   |
| Additional paid-in capital                                                                                |   |   |   |                         | 184,186     |   |          |   | 1,214,118 |   |   |   | 1,214,118 |   |
| Accumulated deficit before reenteringdevelopment stage                                                    |   |   |   |                         | (12,698,895 | )      |          |   | (83,708,451 | ) |   |   | (83,708,451 | ) |
| Accumulated deficit from inceptionof reentering development stage                                         |   |   |   |                         | (403,545    | )      |          |   | (2,660,085 | ) |   |   | (2,269,137 | ) |
| Other comprehensive income                                                                                |   |   |   |                         | 541,112     |   |          |   | 3,566,894 |   |   |   | 2,931,799 |   |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Total stockholders’ deficit                                                                         |   |   |   |                         | (12,315,116 | )      |          |   | (81,178,660 | ) |   |   | (81,422,807 | ) |
|                                                                                                      |   |   |   |                         |        |   |          |   |   |   |   |   |   |   |
| Total Liabilities and Stockholders’ Deficit                                                         |   |   |   |                         | 10,253      |   |          |   | 67,581 |   |   |   | 68,133 |   |

----

|                                                                                                   |   | For the three months ended |   |   | For the six months ended |   |   | Cumulative since reentering development stage on |   |
|--------------------------------------------------------------------------------------------------------|--------|----------------------------|--------|--------|--------------------------|--------|--------|--------------------------------------------------|--------|
|                                                                                                   |   | December 31, 2010          |   |   | December 31,2009         |   |   | December 31, 2010                                |   |   | December 31,2009 |   |   | December 10, 2007 to December 31, 2010 |   |
|                                                                                                   | Note   | (US$)                      |   |   | (Rmb)                    |   |   | (Rmb)                                            |   |   | (US$) |   |   | (Rmb) |   |   | (Rmb) |   |   | (Rmb) |   |
|                                                                                                   |   | (Illustrative only)        |   |   |                     |   |   |                                             |   |   | (Illustrative only) |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| General and administrative expenses                                                                    |   | (30,465                    | )      |   | (197,755                 | )      |   | (194,171                                         | )      |   | (59,308 | ) |   | (390,948 | ) |   | (388,073 | ) |   | (2,660,085 | ) |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| NET LOSS                                                                                               |   | (30,465                    | )      |   | (197,755                 | )      |   | (194,171                                         | )      |   | (59,308 | ) |   | (390,948 | ) |   | (388,073 | ) |   | (2,660,085 | ) |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Other comprehensive income, before tax:Foreign currency translation    adjustments |   | 38,993                     |   |   | 266,895                  |   |   | -                                                |   |   | 96,346 |   |   | 635,095 |   |   | - |   |   | 1,671,149 |   |
| Income tax expense related to other  Comprehensive income                                    |   | -                          |   |   | -                        |   |   | -                                                |   |   | - |   |   | - |   |   | - |   |   | - |   |
| Other comprehensive income, net of tax                                                                 |   | 38,993                     |   |   | 266,895                  |   |   | -                                                |   |   | 96,346 |   |   | 635,095 |   |   |   |   |   | 1,671,149 |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| TOTAL COMPREHENSIVEINCOME/( LOSS)                                                                      | 5      | 8,528                      |   |   | 69,140                   |   |   | (194,171                                         | )      |   | 37,038 |   |   | 244,147 |   |   | (388,073 | ) |   | 988,934 |   |

----

|                                                                                                   |   | For the three months ended |   |   | For the six months ended |   |   | Cumulative since reentering development stage on |   |
|--------------------------------------------------------------------------------------------------------|--------|----------------------------|--------|--------|--------------------------|--------|--------|--------------------------------------------------|--------|
|                                                                                                   |   | December 31, 2010          |   |   | December 31,2009         |   |   | December 31, 2010                                |   |   | December 31,2009 |   |   | December 10, 2007 to December 31, 2010 |   |
|                                                                                                   | Note   | (US$)                      |   |   | (Rmb)                    |   |   | (Rmb)                                            |   |   | (US$) |   |   | (Rmb) |   |   | (Rmb) |   |   | (Rmb) |   |
|                                                                                                   |   | (Illustrative only)        |   |   |                     |   |   |                                             |   |   | (Illustrative only) |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Basic and Diluted Loss Per Share                                                                       | 6      |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Loss per share of common stock (cents)                                                                 |   | (0.0006                    | )      |   | (0.0039                  | )      |   | (0.0039                                          | )      |   | (0.0012 | ) |   | (0.0078 | ) |   | (0.0077 | ) |   | (0.0530 | ) |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Weighted Average Common     Share Outstanding – basic  and diluted |   | 50,155,000                 |   |   | 50,155,000               |   |   | 50,155,000                                       |   |   | 50,155,000 |   |   | 50,155,000 |   |   | 50,155,000 |   |   | 50,155,000 |   |
|                                                                                                   |   |                       |   |   |                     |   |   |                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |

----

|                                         |   Common stock |       |   |   Additionalpaid-incapital |    |   |  Accumulateddeficit before reenteringdevelopment stage |      |   | Accumulateddeficit frominception of reenteringdevelopmentstage |        |   | Accumulatedothercomprehens-ive 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 of July 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) |                          | -          |   |                                 | -       |   |                                                                       | -         |   |                                                           | -           |   |                                  | (390,948   | )      |   | 635,095   |   |   | 244,147 |   |
|                                         |                          |       |   |                                 |    |   |                                                                       |      |   |                                                           |        |   |                                  |       |   |   |      |   |   |   |   |
| Balance as of December 31, 2010 (unaudited)  |                          | 50,155,000 |   |                                 | 408,864 |   |                                                                       | 1,214,118 |   |                                                           | (83,708,451 | )      |                                  | (2,660,085 | )      |   | 3,566,894 |   |   | (81,178,660 | ) |
|                                         |                          |       |   |                                 |    |   |                                                                       |      |   |                                                           |        |   |                                  |       |   |   |      |   |   |   |   |
|                                         |                          |       |   |                                 |    |   |                                                                       |      |   |                                                           |        |   |                                  |       |   |   |      |   |   |   |   |
|                                         |                          |       |   |                                 |    |   |                                                                       |      |   |                                                           |        |   |                                  |       |   |   |      |   |   |   |   |
|                                         |                          |       |   |                                 |    |   |                                                                       |      |   |                                                           |        |   |                                  |       |   |   |      |   |   |   |   |

----

|                                                                             |   | For the SIX months ended |    |   | Cumulative since reentering development stage on |   |
|----------------------------------------------------------------------------------|--------|--------------------------|---------|--------|--------------------------------------------------|--------|
|                                                                             |   | DECEMBER 31, 2010        |    |   | DECEMBER 31, 2009                                |   |   | December 10, 2007 to DECEMBER 31, 2010 |   |
|                                                                             |   | (US$)                    |    |   | (Rmb)                                            |   |   | (Rmb) |   |   | (Rmb) |   |
|                                                                             |   | (Illustrative only)      |    |   |                                             |   |   |   |   |   |   |   |
| Cash Flows from Operating Activities:                                            |   |                     |    |   |                                             |   |   |   |   |   |   |   |
| Net loss                                                                         |   |                     | (59,308 | )      |                                             |   | (390,948 | ) |   |   | (388,073 | ) |   |   | (2,660,085 | ) |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Adjustments to reconcile net loss to net cash used in operating activities: |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Change in operating assets and liabilities:                                      |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Decrease in:                                                                     |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Rental deposits                                                                  |   |                     | -       |   |                                             |   | - |   |   |   | - |   |   |   | 23,608 |   |
| Accounts payable and accrued expenses                                            |   |                     | (14,419 | )      |                                             |   | (95,049 | ) |   |   | (74,186 | ) |   |   | (28,918 | ) |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net cash used in operating activities                                            |   |                     | (73,727 | )      |                                             |   | (485,997 | ) |   |   | (462,259 | ) |   |   | (2,665,395 | ) |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cash Flows from Financing Activities:                                            |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Advances from 45.6% stockholder                                                  |   |                     | 73,892  |   |                                             |   | 487,080 |   |   |   | 476,404 |   |   |   | 2,583,989 |   |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net cash provided by financing activities                                        |   |                     | 73,892  |   |                                             |   | 487,080 |   |   |   | 476404 |   |   |   | 2,583,989 |   |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Effect of Exchange Rate Changes on Cash                                          |   |                     | (249    | )      |                                             |   | (1,635 | ) |   |   | - |   |   |   | (3,685 | ) |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Net Decrease in Cash                                                             |   |                     | (84     | )      |                                             |   | (552 | ) |   |   | (14,145 | ) |   |   | (85,091 | ) |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cash, beginning of period                                                        |   |                     | 7,151   |   |                                             |   | 47,133 |   |   |   | 33,857 |   |   |   | 131,672 |   |
|                                                                             |   |                     |    |   |                                             |   |   |   |   |   |   |   |   |   |   |   |
| Cash, end of period                                                              |   |                     | 7,067   |   |                                             |   | 46,581 |   |   |   | 48,002 |   |   |   | 46,581 |   |

----

|   | The condensed 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 success 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. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

|   | The Company accounts for comprehensive income in accordance with ASC Topic 220, Comprehensive Income.  ACS Topic 220 establishes standards for reporting comprehensive income and its components in financial statements.  Other comprehensive income, as defined therein, refers to revenues, expenses, gains and losses that are not included in net income but rather are recorded directly in stockholders’ equity. Other comprehensive income for the three and six months ended December 31, 2010 and 2009 represented gain on foreign currency translation adjustments which have mainly arisen from the translation of the amount payable to our 45.6% stockholder which is denominated in the US dollars. |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | Basic and diluted net loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding. |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------|

| 7. | Payable to 45.6% Stockholder |
|----|------------------------------|

| 8. | Commitments and Contingencies |
|----|-------------------------------|

|   | As of December 31, 2010 and June 30, 2010, the Company had no material outstanding commitments or contingencies. |
|--------|------------------------------------------------------------------------------------------------------------------|

----

| 9. | Income Taxes |
|----|--------------|

|   | The Company is subject to income taxes on an entity basis on income arising in or derived from the tax jurisdiction in which they operate. |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------|

| Overview |
|----------|

----

----

| Item 3.  Quantitative and Qualitative Disclosures About Market Risk |
|-------------------------------------------------------------------------------|

| Not applicable. |
|-----------------|

----

----

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

|                                           |                                |
|------------------------------------------------|-------------------------------------|
|                                           |                                |
| Date:  February [  ], 2011 |                                |
|                                           | COL CHINA ONLINE INTERNATIONAL INC. |
|                                           |  (Registrant)                  |
|                                           |                                |
|                                           |                                |
|                                           | By:                                 |
|                                           | 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 and Chief Financial Officer |
|                                 |   |   |
| 32.1                  |   | Section 1350 Certification of Chief Executive Officer and Chief Financial Officer |

----