U.S. SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-QSB

                                   (Mark One)

[X]      Quarterly report pursuant to section 13 or 15(d) of the Securities
         Exchange Act of 1934 For the quarterly period ended September 30, 2001

[_]      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 000-27543


                      Teda Technologies International Inc.
              (Exact name of small business issuer in its charter)


           Nevada                                      98-0204680
  (State or other jurisdiction of                     (IRS Employer
   Incorporation or organization)                   Identification No.)

   Unit #10, 8980 Fraserwood Court, Burnaby, British Columbia, Canada, V5J 5H7
                    (Address of principal executive offices)

                                 (604) 438-3598
                           (Issuer's telephone number)


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 X    No
                                                               ---      ---

Number of shares outstanding of the issuer's classes of common equity, as of
September 30, 2001:

                  1,000,000 Shares of Common Stock (One Class)

           Transitional Small Business Disclosure Format:  Yes     No X
                                                              ---    ---

<PAGE>

                                Table of Contents

--------------------------------------------------------------------------------


                                                                          Page #
                              PART I

Item 1.    Financial Statements..............................................3-7
Item 2.    Plan of Operation.................................................8

                              PART II

Item 3.    Sale of Unregistered Securities...................................11
Item 4.    Submission of Matters to a Vote of Security Holders...............11
Item 5.    Exhibits and Reports on Form 8-K..................................11

Signatures...................................................................13





                      TEDA TECHNOLOGIES INTERNATIONAL INC.

                          Index to Financial Statements


                                                                           Page
                                                                           ----

PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

Condensed balance sheet, September 30, 2001 (unaudited)......................3

Condensed statements of operations for the three months ended
September 30, 2001 and 2000, (unaudited).....................................4

Condensed statements of cash flows for the three months ended
September 30, 2001 and 2000, (unaudited).....................................5

Notes to condensed financial statements (unaudited)..........................6


                                       2

<PAGE>

Part I. Item 1. Financial Information


<TABLE>
<CAPTION>
                                   CONDENSED BALANCE SHEET
                                         (Unaudited)

                                     September 30, 2001

Assets
<S>                                                                                                    <C>
Prepaid legal fees ......................................................................              $ 5,000
                                                                                          =====================

Liabilities and Shareholder's Deficit
Liabilities:
      Accounts payable and accrued liabilities ..........................................              $ 3,339
      Indebtedness to related party (Note B) ............................................               28,007
                                                                                          ---------------------
                                                                        Total liabilities               31,346
                                                                                          ---------------------

Shareholder's deficit:
      Common stock ......................................................................                  100
      Additional paid-in capital ........................................................               37,572
      Deficit accumulated during the development stage ..................................              (64,018)
                                                                                          ---------------------
                                                              Total shareholder's deficit              (26,346)
                                                                                          ---------------------

                                              Total liabilities and shareholder's deficit              $ 5,000
                                                                                          =====================

</TABLE>




            See accompanying notes to condensed financial statements

                                       3
<PAGE>


<TABLE>
<CAPTION>
                       CONDENSED STATEMENTS OF OPERATIONS
                                   (Unaudited)



                                                                   Three Months Ended
                                                                      September 30,
                                                         --------------------------------------------
                                                                 2001                   2000
                                                         ---------------------  ---------------------
Costs and expenses:
<S>                                                                <C>                  <C>
     Legal fees ........................................           $        -           $      2,194
     Accounting fees ...................................                  382                      -
     Rent ..............................................                3,000                      -
     Other general and administrative ..................                  140                      -
                                                         ---------------------  ---------------------
                                    Loss from operations                3,522                  2,194
                                                         ---------------------  ---------------------

Provision for income taxes (Note C) ....................                    -                      -
                                                         ---------------------  ---------------------

                                                NET LOSS           $    3,522           $      2,194
                                                         =====================  =====================


Basic and diluted loss per common share ................           $        *           $          *
                                                         =====================  =====================
Basic and diluted weighted average
     common shares outstanding .........................            1,000,000              1,000,000
                                                         =====================  =====================


  *  Less than .01 per share
</TABLE>

            See accompanying notes to condensed financial statements


                                       4
<PAGE>

<TABLE>
<CAPTION>
                       CONDENSED STATEMENTS OF CASH FLOWS
                                   (Unaudited)


                                                                                   Three Months Ended
                                                                                     September 30,
                                                                       -------------------------------------------
                                                                               2001                  2000
                                                                       --------------------- ---------------------

<S>                                                                           <C>                     <C>
Net cash used in operating activities ................................        $      (8,050)          $         -
                                                                       --------------------- ---------------------

Cash flows from financing activities:
      Advances received from director (Note B)                                            -                     -
      Third party expenses paid by affiliate on
         behalf of the company, recorded as
         additional-paid-in capital ..................................                8,050                     -
                                                                       --------------------- ---------------------
Net cash provided by financing activities ............................                8,050                     -
                                                                       --------------------- ---------------------

                                                    Net change in cash                    -                     -
Cash, beginning of period ............................................                    -                     -
                                                                       --------------------- ---------------------

                                                   Cash, end of period        $           -           $         -
                                                                       ===================== =====================


Supplemental disclosure of cash flow information:
 Cash paid during the period for:
         Interest ....................................................        $           -           $         -
                                                                       ===================== =====================
         Income taxes ................................................        $           -           $         -
                                                                       ===================== =====================
</TABLE>



See accompanying notes to condensed financial statements

                                       5
<PAGE>
                     TEDA TECHNOLOGIES INTERNATIONAL, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

NOTE A: BASIS OF PRESENTATION

The condensed financial statements presented herein have been prepared by the
Company in accordance with the accounting policies in its audited financial
statements for the year ended June 30, 2000 as filed in its form 10-KSB and
should be read in conjunction with the notes thereto. The Company is a "blank
check" company with the purpose to evaluate, structure and complete a merger
with, or acquisition of, a privately owned corporation.

In the opinion of management, all adjustments (consisting only of normal
recurring adjustments) which are necessary to provide a fair presentation of
operating results for the interim period presented have been made. The results
of operations for the periods presented are not necessarily indicative of the
results to be expected for the year.

Interim financial data presented herein are unaudited.

NOTE B: RELATED PARTY TRANSACTIONS

The Company did not maintain a checking account during the three months ended
September 30, 2001 and 2000. A director made working capital advances to the
Company totaling $8,050 for the three months ended September 30, 2001. The
advances are non-interest bearing and are due on demand. The total amount owed
to the director for working capital advances as of September 30, 2001 was
$28,007 and is included in the accompanying condensed unaudited financial
statements as indebtedness to related party.

NOTE C: INCOME TAXES

The Company records its income taxes in accordance with Statement of Financial
Accounting Standard No. 109, "Accounting for Income Taxes". The Company incurred
net operating losses during the periods shown on the condensed financial
statements resulting in a deferred tax asset, which was fully allowed for,
therefore the net benefit and expense result in $-0- income taxes.

NOTE D: SUBSEQUENT EVENT

On October 1, 2001, the Company closed a Share Exchange Agreement (the
"Agreement") with Tianjin Eastern Shipping Co., Ltd. ("Tianjin"), TEDA
Technologies Canada, Inc. ("TTC") and the shareholders of TTC (the
"Shareholders"). Pursuant to the Agreement, on October 1, 2001, the Company
acquired from the Shareholders all of the shares of TTC in exchange for
15,697,000 shares of the Company's $.0001 par value common stock representing
approximately 94 percent of the issued and outstanding shares of the Company
after giving effect to the Agreement.

                                        6


<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.

                     NOTES TO CONDENSED FINANCIAL STATEMENTS
                                   (Unaudited)

Following the transaction, Tianjin became the Company's largest shareholder with
6,000,000 shares (35.9 percent) of the Company's 16,697,000 issued and
outstanding common shares. The Company's new business plan is to focus on
telecommunications opportunities in China.

On June 1, 2001, TTC entered into a Profit Sharing Agreement with a Chinese
domestic joint venture through which it can earn up to 90 percent of the net
profits of the Chinese venture by providing strategic management and capital in
an initial amount of US$500,000. The joint venture involves the provision of a
variety of telecommunications services and products in Tianjin, a Chinese city
of approximately 11 million people.







                                       7
<PAGE>

ITEM 2.  PLAN OF OPERATION

We intend to seek to acquire assets or shares of an entity actively engaged in a
business that generates revenues, in exchange for its securities. We have not
identified a particular acquisition target and have not entered into any
negotiations regarding an acquisition. We intend to contact investment bankers,
corporate financial analysts, attorneys and other investment industry
professionals through various media.

While any disclosure must include audited financial statements of the target
entity, we cannot assure you that such audited financial statements will be
available. As part of the negotiation process, the Board of Directors does
intend to obtain certain assurances of value, including statements of assets and
liabilities, material contracts, accounts receivable statements, or other
indication of the target entity's condition prior to consummating a transaction.

Due to our intent to remain a shell corporation until a merger or acquisition
candidate is identified, it is anticipated that its cash requirements shall be
minimal, and that all necessary capital, to the extent required, will be
provided by the directors or officers. We do not anticipate that we will have to
raise capital in the next twelve months. We also do not expect to acquire any
plant or significant equipment.

We have not, and do not intend to enter into, any arrangement, agreement or
understanding with non-management shareholders allowing non-management
shareholders to directly or indirectly participate in or influence our
management of the Company. Management currently holds 100% of our stock. As a
result, management is in a position to elect a majority of the directors and to
control our affairs.

We have no full time employees. Our President and Secretary have agreed to
allocate a portion of their time to our activities, without compensation.

General Business Plan

Our purpose is to seek, investigate and, if investigation warrants, acquire an
interest in business opportunities presented to it by persons or firms that
desire to seek the perceived advantages of an Exchange Act registered
corporation. We will not restrict our search to any specific business, industry,
or geographical location and we may participate in a business venture of
virtually any kind or nature. This discussion of the proposed business is
purposefully general and is not meant to restrict our discretion to search for
and enter into potential business opportunities. Management anticipates that it
may be able to participate in only one potential business venture because we
have nominal assets and limited financial resources. This lack of
diversification should be considered a substantial risk to our shareholders
because it will not permit us to offset potential losses from one venture
against gains from another.

We may seek a business opportunity with entities that have recently commenced
operations, or that wish to utilize the public marketplace in order to raise
additional

                                       8
<PAGE>

capital in order to expand into new products or markets, to develop a
new product or service, or for other corporate purposes. We may acquire assets
and establish wholly owned subsidiaries in various businesses or acquire
existing businesses as subsidiaries.

We anticipate that the selection of a business opportunity will be complex and
extremely risky. Due to general economic conditions, rapid technological
advances being made in some industries and shortages of available capital,
management believes that there are numerous firms seeking the perceived benefits
of a publicly registered corporation. The perceived benefits may include
facilitating or improving the terms for additional equity financing that may be
sought, providing liquidity for incentive stock options or similar benefits to
key employees, providing liquidity (subject to restrictions of applicable
statutes) for all shareholders and other factors. Potentially, available
business opportunities may occur in many different industries and at various
stages of development, all of which will make the task of comparative
investigation and analysis of these business opportunities extremely difficult
and complex.

We have, and will continue to have, no capital to provide the owners of business
opportunities with any significant cash or other assets. However, management
believes we will be able to offer owners of acquisition candidates the
opportunity to acquire a controlling ownership interest in a publicly registered
company without incurring the cost and time required to conduct an public
offering. The owners of the business opportunities will, however, incur
significant legal and accounting costs in connection with acquisition of a
business opportunity, including the costs of preparing Form 8-K's, 10-KSBs or
10-QSBs, agreements and related reports and documents. The `34 Act specifically
requires that any merger or acquisition candidate comply with all applicable
reporting requirements, which include providing audited financial statements to
be included within the numerous filings relevant to complying with the `34 Act.
Nevertheless, the officers and directors of the Company have not conducted
market research and are not aware of statistical data that would support the
perceived benefits of a merger or acquisition transaction for the owners of a
business opportunity.

We will not restrict our search for any specific kind of firms, and may acquire
a venture that is in its preliminary or development stage or is already
operating. We cannot predict at this time the status of any business in which we
may become engaged, because the business may need to seek additional capital,
may desire to have its shares publicly traded, or may seek other perceived
advantages that we may offer. Furthermore, we do not intend to seek capital to
finance the operation of any acquired business opportunity until we have
successfully consummated a merger or acquisition.

We anticipate that we will incur nominal expenses in the implementation of our
business plan. Because we have no capital to pay these anticipated expenses,
present management will pay these charges with their personal funds, as interest
free loans. If additional funding is necessary, management and or shareholders
will continue to provide capital or arrange for additional outside funding.
However, the only opportunity that management has to have these loans repaid
will be from a prospective merger or acquisition candidate. Management has no
agreements with us that would impede or prevent consummation of a

                                       9
<PAGE>

proposed transaction. We cannot assure, however, that management will continue
to provide capital indefinitely if a merger candidate cannot be found. If a
merger candidate cannot be found in a reasonable period of time, management may
be required to reconsider its business strategy, which could result in our
dissolution.

Subsequent Event

The Company entered into a Share Exchange Agreement, dated as of September 1,
2001 (the Share Exchange Agreement) by and among the Company, Teda Technologies
Inc. (TC), Tianjin Eastern Shipping Co. Ltd. (the Founding Shareholder of TC)
and the shareholders of TC. Pursuant to the Share Exchange Agreement, on
September 1, 2001, the Company acquired from the Shareholders all of the shares
of TC in exchange for fifteen million, six hundred and ninety seven thousand
(15,697,000) shares of the Company's common stock representing 94.0% of the
issued and outstanding shares of the Company after giving effect to the
Acquisition. The Agreement was amended to reflect an effective date of October
1, 2001 and Amended Form 8K filed on November 14, 2001 to reflect the change.

On June 1, 2001, TC entered into a Profit Sharing Agreement with a Chinese
domestic joint venture named Teda Pioneer, involved in the provision of a
variety of telecommunications services and products in Tianjin, a Chinese city
of 11 million.

Teda Pioneer has acquired all of the value added telecommunication products and
services business previously conducted by Yu Xun Chuang Xian Information
Development Co. Ltd. (a division of the Data Bureau department of China Telecom
- Tianjin) in the Tianjin area including the Teda Government industrial park
area. The business is the dominant value added telecommunication products
provider in Tianjin with specialization in areas of Internet and networking.
Teda Pioneer's business license allows for retail and wholesale commerce in
areas of:

o     Electronic technologies
o     Research and development
o     Related technology transfer and consulting services
o     Computer stationary products
o     Computer hardware
o     Communications equipment
o     Electronic equipment
o     Instruments

Key details of the Profit Sharing Agreement are as follows:

o     Teda Pioneer is owned by two Chinese corporations - Tianjin Wan Fang
      Teda Technology Co. Ltd. as to a 48% equity interest and Yu Xun Chuang
      Xian Information Development Co. Ltd. as to a 52% equity interest.

                                       10
<PAGE>

o     Chuang Xian was previously the provider of China Telecom value added IT
      services in Tianjin municipality and which business was acquired by Teda
      Pioneer.

o     Teda Pioneer has appointed Teda Canada to manage the strategic affairs of
      Teda Pioneer's business for a term of 20 years.

o     The net profits are to be allocated as follows:

      -   Teda Canada     90%
      -   Teda Pioneer    10%

o     Net profits will be calculated semi annually and 20% retained as working
      capital and the balance allocated to the partners as per the 90/10 split
      arrangement.

o     Teda Canada will make available at least 2 senior executives to provide
      ongoing executive management for Teda Pioneer.

o     The parties agree that Teda Canada's Profit Allocation portion will be
      converted to equity in Teda Pioneer when the rules and regulations in
      China permit such ownership.

o     Teda Canada will provide $500,000 US within 12 months as its capital
      contribution to Teda Pioneer. All additional capital requirements of
      Teda Pioneer will be provided on the basis as if Teda Canada were a 90%
      equity owner of Pioneer.

o     If Teda Canada has not provided all or any of its required capital
      contribution after 12 months, then its share of profit allocation shall
      be reduced to reflect the percentage of the capital contribution
      actually raised.

                                     PART II

ITEM 3.  SALE OF UNREGISTERED SECURITIES

None during the period.

ITEM 4.  SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

During the reporting period, no matters were submitted to a vote of security
holders.


                                       11
<PAGE>

ITEM 5.  EXHIBITS AND REPORTS ON FORM 8-K.

Filings on Form 8-K.

September 14, 2001            Share Exchange Agreement

The Company entered into a Share Exchange Agreement, dated as of September 1,
2001 (the Share Exchange Agreement) by and among the Company, Teda Technologies
Inc. (TC), Tianjin Eastern Shipping Co. Ltd. (the Founding Shareholder of TC)
and the shareholders of TC. Pursuant to the Share Exchange Agreement, on
September 1, 2001, the Company acquired from the Shareholders all of the shares
of TC in exchange for fifteen million, six hundred and ninety seven thousand
(15,697,000) shares of the Company's common stock representing 94.0% of the
issued and outstanding shares of the Company after giving effect to the
Acquisition. The Agreement was amended to reflect an effective date of October
1, 2001 and Amended Form 8K filed on November 14, 2001 to reflect the change.





                                       12
<PAGE>

                                   SIGNATURES

In accordance with the requirements of the Exchange Act, the registrant caused
this report to be signed on its behalf by the undersigned, thereunto duly
authorized.


TEDA TECHNOLOGIES INTERNATIONAL INC.


Date:  November 16, 2001

                                          By:   /s/ Jun Zhou
                                               -------------------------------
                                               Jun Zhou, President


                                          By:   /s/ Peng Chen
                                               -------------------------------
                                               Peng Chen, Secretary






                                       13