EXHIBIT 8.1
 List
of Subsidiaries and VIEs
 Accord Group Investments Ltd.
    
    BVIActive Advertising (Guangzhou) Co., Ltd.
    
    Peoples Republic of ChinaAdvance Mind Holdings Limited
    
    Hong KongBeijing ChuanHui HuaRen Consulting Co., Ltd.
    
    Peoples Republic of ChinaBeijing Hantang Yueyi Culture & Media Co., Ltd.
    
    Peoples Republic of ChinaBeijing Linghang Dongli Advertising Co., Ltd.
    
    Peoples Republic of ChinaBeijing Mingyi Yongkang Advertising Co., Ltd.
    
    Peoples Republic of ChinaBeijing Mobile Interactive Co., Ltd.
    
    Peoples Republic of ChinaBeijing Shi Ji Xin Chuan Advertising Co., Ltd.
    
    Peoples Republic of ChinaBeijing Singshine Advertising Co., Ltd.
    
    Peoples Republic of ChinaBeijing Taide Advertising Co., Ltd.
    
    Peoples Republic of ChinaBeijing Xinhua Yinghua Film & TV Planning Co.,Ltd.
    
    Peoples Republic of ChinaBeijing Xintai Huade Advertising Co., Ltd.
    
    Peoples Republic of ChinaBeijing Yuedong Chuangshi Culture and Intermediary Co., Ltd.
    
    Peoples Republic of ChinaCentury Effort Limited
    
    BVIChina Lead Profits Limited
    
    BVIChina Media Network Limited
    
    Hong KongEast Alliance Limited
    
    BVIEverfame Development Ltd.
    
    BVIGreat Triumph Investments Ltd.
    
    BVIGuangzhou Excellent Consulting Service Co., Ltd.
    
    Peoples Republic of ChinaGuangzhou Liangdian Zhongduan Zhanshi Co., Ltd.
    
    Peoples Republic of ChinaGuangzhou Singshine Advertising Co., Ltd.
    
    Peoples Republic of ChinaGuoxin Hongdi Network Information & Technology (Beijing) Co., Ltd.
    
    Peoples Republic of ChinaHong Kong Stock Express Publication Ltd.
    
    Hong KongJia Luo Business Consulting (Shanghai) Co., Ltd.
    
    Peoples Republic of ChinaNew China Media Co., Ltd.
    
    Peoples Republic of ChinaNuCom Online Corporation
    
    Cayman IslandsNuCom Online Hong Kong Limited
    
    Hong KongNucom Media Technology (Beijing) Co., Ltd.
    
    Peoples Republic of ChinaShanghai Fenghuo Marketing Consulting Co., Ltd.
    
    Peoples Republic of ChinaShanghai Heju Marketing Consulting Co., Ltd.
    
    Peoples Republic of ChinaShanghai Jiaseng Advertising Co., Ltd.
    
    Peoples Republic of ChinaShanghai Liangdian Zhongduan Zhanshi Co., Ltd.
    
    Peoples Republic of ChinaShanghai Singshine Marketing Service Co., Ltd.
    
    Peoples Republic of ChinaShanghai Yuan Zhi Advertising Co., Ltd.
    
    Peoples Republic of ChinaShanghai Yuanxin Advertising Media Co., Ltd.
    
    Peoples Republic of ChinaShangtuo Zhiyang International Advertising (Beijing) Co., Ltd.
    
    Peoples Republic of ChinaShenzhen Active Trinity Advertising Co., Ltd.
    
    Peoples Republic of ChinaShenzhen Haibei Leidi Business Consultancy Co.,Ltd.
    
    Peoples Republic of ChinaSingshine (Holdings) Hongkong Limited
    
    Hong KongSmall World Holding Co. Ltd.
    
    BVIStarease Limited
    
    BVITaihui Business Consulting (Shanghai) Co.,Ltd.
    
    Peoples Republic of ChinaTianJin Jinli Culture Media Limited
    
    Peoples Republic of ChinaTianJin Shidai Ruipu Culture Media Limited
    
    Peoples Republic of ChinaTianJin Shidai Tianchuang Media Development Co., Ltd.
    
    Peoples Republic of ChinaUpper Step Holdings Limited
    
    BVIUpper Will Enterprises Limited
    
    BVIWuxianshijie (Beijing) Information Technology Co., Ltd.
    
    Peoples Republic of ChinaXin Chuan Online (Beijing) Information Technologies Co., Ltd.
    
    Peoples Republic of ChinaXinhua Media Entertainment Limited
    
    Cayman IslandsXinhua Sports & Entertainment (Beijing) Co., Ltd.
    
    Peoples Republic of ChinaXinhua Sports & Entertainment (HK) Limited
    
    Hong KongXinhua Sports & Entertainment (Shanghai) Co., Ltd.
    
    Peoples Republic of ChinaXinhua Sports Ventures Limited
    
    Cayman IslandsXSEL (Hong Kong) Limited
    
    Hong KongXSEL Advertising Ltd.
    
    BVIZhongxi Taihe Culture Consultation (Shanghai) Co., Ltd.
    
    Peoples Republic of China