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 December 31, 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
December 31, 2001:

                  16,697,000 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...........................................  3-17
Item 2.  Management's Discussion and Analysis or Plan of Operations.....    18

PART II

Item 1.  Legal Proceedings..............................................    24
Item 2.  Changes in Securities..........................................    24
Item 5.  Other Items....................................................    24
Item 6.  Exhibits and Reports on Form 8-K...............................    24

Signatures..............................................................    25


                                       ii
<PAGE>
                         PART I - FINANCIAL INFORMATION

ITEM 1.  FINANCIAL STATEMENTS

The unaudited financial statements of the Company for the three-month and
six-month periods ended December 31, 2001 and December 31, 2000 are appended
hereto. The financial statements reflect all adjustments which are, in the
opinion of management, necessary so as to ensure a fair statement of the results
for the interim periods presented.


                                       3
<PAGE>
                                MOEN AND COMPANY
                              CHARTERED ACCOUNTANTS

PO Box 10129
1400 IBM Tower                                    Telephone:       (604)662-8899
701 West Georgia Street                                 Fax:       (604)662-8809
Vancouver, BC   V7Y 1C6

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


                     INDEPENDENT ACCOUNTANTS' REVIEW REPORT
                     --------------------------------------


Board of Directors and Stockholders
Teda Technologies International, Inc.
(A Nevada Corporation)

We have reviewed the accompanying Consolidated Balance Sheet of Teda
Technologies International, Inc. (A Nevada Corporation) as of December 31, 2001,
and the Consolidated Statement of Operations, Cash Flows and Changes in
Stockholders' Equity for the six month period then ended in accordance with
Statements on Standards for Accounting and Review Services issued by the
American Institute of Public Accountants. All information included in these
financial statements is the representation of the management of Teda
Technologies International, Inc.

A review consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.

Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements in order for them to be in
conformity with United States generally accepted accounting principles (GAAP).


                                                              "Moen and Company"

                                                           Chartered Accountants

Vancouver, British Columbia, Canada
February 8, 2002

                                       4
<PAGE>
<TABLE>
                                            TEDA TECHNOLOGIES INTERNATIONAL, INC.
                                                    (A Nevada Corporation)
                                                  Consolidated Balance Sheet
                                                      December 31, 2001
                                                         (Unaudited)
                                       (With Comparative Figures at December 31, 2000)
<CAPTION>
                                                                                            2001                 2000
                                                                                     -----------------    -----------------
                                                            Assets
Current Assets
<S>                                                                                 <C>                  <C>
    Cash and cash equivalents (Note 3)                                              $         444,940    $             --
    Prepaid expenses                                                                            7,732                  --
    Profit due from Teda Pioneer Technologies Co. Ltd. (Notes 5)                              119,394                  --

                                                                                     -----------------    -----------------
                                                                                              572,066                   --
Investment in Teda Pioneer Technologies Co. Ltd. at cost (Notes 6)                            225,882                   --
Deferred costs                                                                                  1,539                   --
                                                                                     -----------------    -----------------
                                                                                    $         799,487    $              --
                                                                                     =================    =================

                                             Liabilities and Shareholders' Equity
Current Liabilities
    Accounts payable                                                                $          10,425    $           2,967
    Due to related parties (Note 4)                                                           175,870                   --
                                                                                     -----------------    -----------------
                                                                                              186,295                2,967
Minority interest (Note 7)                                                                     65,096                   --
                                                                                     -----------------    -----------------
                                                                                              251,391                2,967
                                                                                     -----------------    -----------------
Shareholders' Equity
    Capital stock (Note 8)
         par value                                                                              1,670                  100
         additional paid in capital                                                           595,204               36,861
    Retained earnings (deficit)                                                               (48,778)             (39,928)
                                                                                     -----------------    -----------------
                                                                                              548,096               (2,967)
                                                                                     -----------------    -----------------
                                                                                    $         799,487    $              --
                                                                                     =================    =================
Approved on behalf of the board:

    "Jun Zhou"                     , Director
-----------------------------------

    "Peng Chen"                    , Director
-----------------------------------

    "Steve Dadson"                 , Director
-----------------------------------

    "Richard Wang"                 , Director
-----------------------------------
</TABLE>
        See Accompanying Notes and Independent Accountants' Review Report
                                        5

<PAGE>
<TABLE>
                                            TEDA TECHNOLOGIES INTERNATIONAL, INC.
                                                    (A Nevada Corporation)
                                             Consolidated Statement of Operations
                                                         (Unaudited)
<CAPTION>

                                                  Cumulative From
                                                  Inception Date                                           Six Months
                                                  of July 25, 1997         Quarter Ended                      Ended
                                                   to Dec. 31,             December 31,                    December 31,
                                                                   ------------------------------  ------------------------------
                                                        2001            2001            2000            2001            2000
                                                   --------------  --------------  --------------  --------------  --------------
General and Administration Costs
<S>                                                <C>             <C>             <C>             <C>             <C>
    Bank charge and interest                                 179             179              --             179              --
    Investor relations and
         investor communications                          14,661           7,500               8           7,500               8
    Office costs                                          10,372           5,232              --           5,372              --
    Professional fees                                     73,549          25,144           6,494          28,526           6,858
    Transfer agent and filing fees                         2,438           1,370              --           1,370              --
    Travel and promotion                                   4,134           1,890              --           1,890              --
                                                   --------------  --------------  --------------  --------------  --------------
Loss before income of non
    consolidated subsidiary, Teda
    Pioneer Technologies Co. Ltd.                       (105,333)        (41,315)         (6,502)        (44,837)         (6,866)
Profit of non consolidated subsidiary
    Teda Pioneer Technologies Co. Ltd.                    62,839          62,839              --          62,839              --
                                                   --------------  --------------  --------------  --------------  --------------
                                                         (42,494)         21,524          (6,502)         18,002          (6,866)
Deduct: Minority interest                                 (6,284)         (6,284)             --          (6,284)             --
                                                   --------------  --------------  --------------  --------------  --------------
Profit (loss) from operations                            (48,778)         15,240          (6,502)         11,718          (6,866)
Provision for income taxes                                    --              --              --              --              --
                                                   --------------  --------------  --------------  --------------  --------------
Net profit (loss) for the period                  $      (48,778) $       15,240  $       (6,502) $       11,718  $       (6,866)
                                                   ==============  =============   =============   =============   ==============


Earnings (loss) per common share                  $        (0.00) $         0.00  $        (0.01) $         0.00  $        (0.01)
                                                   ==============  ==============  ==============  ==============  ==============
Weighted average number of
    shares outstanding                                16,697,000      16,697,000       1,000,000      16,697,000       1,000,000
                                                   ==============  ==============  ==============  ==============  ==============
</TABLE>

        See Accompanying Notes and Independent Accountants' Review Report
                                        6
<PAGE>
<TABLE>
                                            TEDA TECHNOLOGIES INTERNATIONAL, INC.
                                                    (A Nevada Corporation)
                                               Statements of Retained Earnings
                                                         (Unaudited)
<CAPTION>

                                                  Cumulative From
                                                  Inception Date                                           Six Months
                                                  of July 25, 1997         Quarter Ended                      Ended
                                                   to Dec. 31,             December 31,                    December 31,
                                                                   ------------------------------  ------------------------------
                                                        2001            2001            2000            2001            2000
                                                   --------------  --------------  --------------  --------------  --------------
<S>                                                <C>             <C>             <C>             <C>             <C>
Profit (loss) for the period                      $      (48,778) $       15,240  $       (6,502) $       11,718  $       (6,866)
Retained earnings (deficit),
   beginning of period                                                   (64,018)        (33,426)        (60,496)        (33,062)
                                                   --------------  --------------  --------------  --------------  --------------
Retained earnings (deficit),
   end of period                                  $      (48,778) $      (48,778) $      (39,928) $      (48,778) $      (39,928)
                                                   ==============  ==============  ==============  ==============  ==============

</TABLE>



        See Accompanying Notes and Independent Accountants' Review Report
                                        7
<PAGE>
<TABLE>
                                            TEDA TECHNOLOGIES INTERNATIONAL, INC.
                                                    (A Nevada Corporation)
                                                   Statement of Cash Flows
                                                         (Unaudited)
<CAPTION>
                                                  Cumulative From
                                                  Inception Date                                           Six Months
                                                  of July 25, 1997         Quarter Ended                      Ended
                                                   to Dec. 31,             December 31,                    December 31,
                                                                   ------------------------------  ------------------------------
                                                        2001            2001            2000            2001            2000
                                                   --------------  --------------  --------------  --------------  --------------
<S>                                                <C>             <C>             <C>             <C>             <C>

Cash derived from (applied to)

    Operating activities
      Net profit (loss) for the period            $      (48,778) $       15,240  $       (6,502) $       11,718  $       (6,866)
      Minority interest                                    6,284           6,284              --           6,284              --
      Changes in non-cash working capital items
         Prepaid expenses decrease (increase)             (7,732)          5,000              --          (2,732)             --
         Accounts payable increase                        10,425           7,086          (6,962)          2,558          (6,598)
         Profit due from Teda Pioneer
           Technologies Co., Ltd.                       (119,394)        (62,839)             --        (119,394)             --
                                                   --------------  --------------  --------------  --------------  --------------
                                                        (159,195)        (29,229)        (13,464)       (101,566)        (13,464)
                                                   --------------  --------------  --------------  --------------  --------------
    Financing activities
      Capital stock                                      596,874              --          13,464         559,202          13,464
      Minority interest in
         consolidated net assets                          58,812              --              --          58,812              --
      Due to related parties                             175,870          25,000              --         155,913              --
                                                   --------------  --------------  --------------  --------------  --------------
                                                         831,556          25,000          13,464         773,927          13,464
                                                   --------------  --------------  --------------  --------------  --------------
    Investing activities
      Investment in Teda Pioneer
         Technologies Co., Ltd.                         (225,882)             --              --        (225,882)             --
      Deferred costs                                      (1,539)             --              --          (1,539)             --
                                                   --------------  --------------  --------------  --------------  --------------
                                                        (227,421)             --              --        (227,421)             --
                                                   --------------  --------------  --------------  --------------  --------------
Cash and cash equivalents,
    increase (decrease) during the period                444,940          (4,229)             --         444,940              --

Cash and cash equivalents, beginning of period                           449,169              --              --              --
                                                   --------------  --------------  --------------  --------------  --------------

Cash and cash equivalents, end of period          $      444,940  $      444,940  $           --  $      444,940  $           --
                                                   ==============  ==============  ==============  ==============  ==============

</TABLE>

        See Accompanying Notes and Independent Accountants' Review Report
                                        8
<PAGE>
<TABLE>
                                            TEDA TECHNOLOGIES INTERNATIONAL, INC.
                                                    (A Nevada Corporation)
                                         Statement of Changes in Stockholders' Equity
                                 From Date of Inception on July 25, 1997 to December 31, 2001
                                                         (Unaudited)
<CAPTION>


                                                   Number of                Additional        Total                      Total
                                                    Common        par        Paid-in        Capital                  Stockholders'
                                                    Shares        Value      Capital         Stock       Deficit         Equity
                                                -----------------------------------------------------------------------------------
<S>                                             <C>             <C>         <C>            <C>          <C>             <C>
    1/7/99 Balance                                  1,000,000     $100          $200           $300       (1,923)        $(1,623)

    6/30/00 Expenses paid by related

       parties on behalf of the Company                                       23,197         23,197                       23,197

    Net loss for the year ended June 30, 2000                                                            (31,139)        (31,139)
                                                -----------------------------------------------------------------------------------

Balance, June 30, 2000                              1,000,000      100        23,397         23,497      (33,062)         (9,565)

    6/30/01 Expenses paid by related

       parties on behalf of the Company                                       14,175         14,175                       14,175

    Net loss for the year ended June 30, 2001                                                            (27,434)        (27,434)
                                                -----------------------------------------------------------------------------------

Balance, June 30, 2001                              1,000,000      100        37,572         37,672      (60,496)        (22,824)

    10/1/01 share exchange                         15,697,000    1,570       557,632        559,202                      559,202

    Net profit (loss) for six months

       ended December 31, 2001                                                                            11,718          11,718
                                                -----------------------------------------------------------------------------------
Balance, December 31, 2001                         16,697,000   $1,670      $595,204       $596,874     $(48,778)       $548,096
                                                ===================================================================================

</TABLE>

        See Accompanying Notes and Independent Accountants' Review Report
                                        9
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                   (Unaudited)

Note 1.    ORGANIZATION AND NATURE OF BUSINESS

           The Company was incorporated under the laws of the State of Nevada on
           July 15, 1997, as Express Investments Associates, Inc. and on
           November 21, 2000, changed its name to Teda Technologies
           International, Inc.

           Pursuant to the terms of the share exchange which was effective as of
           October 1, 2001, the Company acquired all of the issued and
           outstanding stock of the Teda Technologies Inc. ("TTC") in exchange
           for the issuance of 15,697,000 shares of its authorized but
           previously unissued shares of common stock, which shares were valued
           at $559,202 for purposes of the acquisition. Detailed are as follows:

           Issuance of 15,697,000 common shares at par value
                of $0.0001 per share                                $    1,570
           Stock holders' equity of Teda Technologies, Inc. at
                September 30, 2001                                     559,202
                                                                    ----------
           Additional paid in capital representing excess of
                net assets acquired over cost                       $  557,632
                                                                    ==========

           Teda Technologies Inc., thereby becomes a wholly owned subsidiary of
           Teda Technologies International, Inc. TTC is a Canadian company
           incorporated in the Province of British Columbia, Canada.

           The historical information of Teda Technologies Inc. that is the
           basis for the pro forma information at September 30, 2001, is as
           follows:

            Summary Balance Sheet
              Assets
                Cash and cash equivalents                             $ 449,169
                Prepaid expenses                                          7,732
                Profit due from Teda Pioneer Technologies Co. Ltd.       56,555
                                                                      ---------
                                                                        513,456
                Investment in Teda Pioneer Technologies Co. Ltd.        225,882
                Deferred costs                                            1,539
                                                                      ---------
                                                                      $ 740,877
              Liabilities                                             =========
                  Due to related parties                                122,863
              Minority interest in consolidated net assets               58,812
                                                                      ---------
                                                                        181,675
              Stockholders' equity                                    ---------
                  Capital stock - par value                               1,087
                                - additional paid-in capital            529,298
                                                                      ---------
                                                                        530,385
                    Retained earnings                                    28,817
                                                                      ---------
                                                                        559,202
                                                                      $ 740,877
                                       10                             =========
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)

Note 2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

           Principles of consolidation

           The accompanying consolidated financial statements include the
           accounts of the Company and its wholly-owned subsidiary, Teda
           Technologies Inc. All intercompany transactions and intercompany
           balances have been eliminated.

           Basis of presentation

           These financial statements have been prepared in accordance with
           Accounting Principles Generally Accepted in the United States
           ("USGAAP).

           Use of estimates

           The preparation of financial statements in conformity with USGAAP
           requires management to make estimates and assumptions that affect the
           reported amounts of assets and liabilities and disclosure of
           contingent assets and liabilities at the dates of the financial
           statements and the reported amounts of revenues and expenses during
           the reporting periods. Actual results could differ from those
           estimates.

           Cash and cash equivalents

           Cash and cash equivalents consist of cash on deposit and highly
           liquid short-term interest bearing securities with a maturity at the
           date of purchase of three months or less.

           Income Taxes

           Provisions for income taxes are based on taxes payable or refundable
           for the current year and deferred taxes on temporary differences
           between the amount of taxable income and pretax financial income and
           between the tax bases of assets and liabilities and their reported
           amounts in the financial statements. Deferred tax assets and
           liabilities are included in the financial statement at currently
           enacted income tax rates applicable to the period in which the
           deferred tax assets and liabilities are expected to be realized or
           settled as prescribed in FASB Statement No. 109, Accounting for
           Income Taxes. Up to December 31, 2001 deferred tax assets are reduced
           by a valuation reserve to nil due to uncertainty of applying tax
           losses brought forward. As changes in tax laws or rate are enacted,
           deferred tax assets and liabilities are adjusted through the
           provision for income taxes.

           Compensated absences

           Employees of the corporation are entitled to paid vacations, sick
           days and other time off depending on job classification, length of
           service and other factors. It is impractical to estimate the amount
           of compensation for future absences, and accordingly, no liability
           has been recorded in the accompanying financial statements. The
           corporation's policy is to recognize the costs of compensated
           absences when paid to employees.

                                       11
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)

Note 2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

           Net profit per share

           The Company adopted Statement of Financial Accounting Standards No.
           128 that requires the reporting of both basic and diluted earnings
           per share. Basic earnings per share is computed by dividing net
           income available to common shareowners by the weighted average number
           of common shares outstanding for the period. Diluted earnings per
           share reflects the potential dilution that could occur if securities
           or other contracts to issue common stock were exercised or converted
           into common stock. In accordance with FASB 128, any anti-dilution
           effects on net loss per share are excluded.

           Disclosure about fair value of financial instruments

           The Company has financial instruments, none of which are held for
           trading purposes. The Company estimates that the fair value of all
           financial instruments at December 31, 2001 as defined in FASB 107,
           does not differ materially from the aggregate carrying values of its
           financial instruments recorded in the accompanying balance sheet. The
           estimated fair value amounts have been determined by the Company
           using available market information and appropriate valuation
           methodologies. Considerable judgment is required in interpreting
           market data to develop the estimates of fair value, and accordingly,
           the estimates are not necessarily indicative of the amounts that the
           Company could realize in a current market exchange.

           Concentration of credit risk

           Financial instruments that potentially subject the Company to a
           significant concentration of credit risk consist primarily of cash
           and cash equivalents which are not collateralized. The Company limits
           its exposure to credit loss by placing its cash and cash equivalents
           with high credit quality financial institutions.

           Foreign currency translation

           The functional currency of the Company is the United States Dollar.

           The assets, liabilities, and operations of the Company are expressed
           in the functional currency of the Company in United States Dollars.

           Monetary assets and liabilities are translated at the current rate of
           exchange.

           The weighted average exchange rate for the period is used to
           translate revenue, expenses, and gains or losses from the functional
           currency to the reporting currency.

           The gain or loss on translation is reported as a separate component
           of stockholders' equity and not recognized in net income. Gains or
           losses on remeasurement are recognized in current net income.

                                       12
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)

Note 2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont'd)

           Gains or losses from foreign currency transactions are recognized in
           current net income.

           Fixed assets are measured at historical exchange rates that existed
           at the time of the transaction.

           Depreciation is recorded at historical exchange rates that existed at
           the time the underlying related asset was acquired.

           The effect of exchange rate changes on cash balances forms part of
           the reconciliation of change in cash and cash equivalents during the
           period.

           Revenue Recognition

           The Securities and Exchange Commission (SEC) issued Staff Accounting
           Bulletin (SAB) 101, Revenue Recognition in Financial Statements, in
           December 1999. The SAB summarizes certain of the SEC staff's views in
           applying generally accepted accounting principles to revenue
           recognition in financial statements. During the current year, the
           Company performed a review of its revenue recognition policies and
           determined that it is in compliance with SAB 101.

           Segmented Information

           The Company's identifiable assets as at December 31, 2001 are located
           in the following countries:

                          Canada                     $  111,068
                          China                         688,419
                                                     ----------
                                                     $  799,487

Note 3.    CASH AND CASH EQUIVALENTS

           The total for cash and cash equivalents as at December 31, 2001, is
           made up as follows:

              Cash in bank current accounts          $    9,779
              Short term deposits                       350,000
              Cash in lawyer's trust account             85,161
                                                     ----------
              Total                                  $  444,940
                                                     ==========

Note 4.   RELATED PARTY TRANSACTIONS - $175,870

           The total amount due to related parties as at December 31, 2001 is
           $175,870. This amounts is unsecured, non interest bearing, with no
           specific terms of repayment.

                                       13
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)

Note 5.    PROFIT DUE FROM TEDA PIONEER TECHNOLOGIES CO., LTD.

           Profit due from Teda Pioneer Technologies Co., Ltd as at December 31,
           2001, is made up as follows:

              Opening balance                            $ 56,555
              2nd quarter ended December 31, 2001          62,839
                                                         --------
              Total                                      $119,394
                                                         ========

Note 6.    INVESTMENT IN TEDA PIONEER TECHNOLOGIES CO., LTD

           As at May 31, 2001, the subsidiary company of Teda Technologies Inc.,
           Tianjin Wan Fang Teda Science and Technology Co. Ltd. set up a joint
           venture company named Teda Pioneer Technologies Co. Ltd. in Tianjin
           China, of which, Tianjin Wan Fang invested $225,882 (Chinese Yuan
           1,920,000) for a 48% of the joint venture company. Yu Xun Chuang Xian
           Information Development Co. Ltd. owns 52% of the joint venture
           company by investing $244,706 (Chinese Yuan 2,080,000). The financial
           statements of Teda Pioneer Technologies Co. Ltd. are not consolidated
           in these financial statements.

Note 7.    MINORITY INTEREST

           As December 31, 2001, the consolidated financial statements of Teda
           Technologies Inc. consist of Teda Tchnologies Inc. and its 90% owned
           subsidiary, Tianjin Wan Fang Teda Science and Technology Co. Ltd.
           Detailed calculation, are as follows:

                                                    Percentage
                                          Wan Fang   share of    TTC   Minority
                                            Teda        TTC     Share  Interest
                                          --------   --------  ------- --------
           Minority interest in          $
           consolidated net assets of
           TTC as of September 30, 2001                                 $58,812
           Net profit this period           62,839      90%     56,555    6,284
                                          --------   --------   ------   ------
           Total                         $  62,839             $56,555  $65,096
                                          ========   ========   ======   ======

                                       14
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)
Note 8.    CAPITAL STOCK

           a) Authorized:

              100,000,000 common shares at par value of $0.0001

           b) Issued and outstanding common shares as at December 31, 2001, are
           as follows:
<TABLE>
<CAPTION>
                                                                               Additional
                                         Issued       Number of       Par         Paid-in
                                          Date          Shares       Value       Capital          Total
                                       ----------    -----------   ---------  -------------    ----------
<S>                                    <C>            <C>         <C>         <C>              <C>
           private placement           15/07/1997     1,000,000   $     100   $        200     $     300
           expenses paid by related
           parties on behalf of the
           Company:                    30/06/2000                                   23,197        23,197
                                       30/06/2001                                   14,175        14,175
                                                     -----------   ---------  -------------    ----------
           Balance                     30/06/2001     1,000,000         100         37,572        37,672

           Share exchange              01/10/2001    15,697,000       1,570        557,632       559,202
                                                     -----------   ---------  -------------    ----------
           Balance                     31/12/2001    16,697,000   $   1,670    $   595,204     $ 596,874
                                                     ===========   =========  =============    ==========
</TABLE>
Note 9.    FINANCIAL INSTRUMENTS

           The Company's financial instruments consist of cash and cash
           equivalents, prepaid expenses, projit due from Teda Pioneer
           Technologies Co., Ltd., Accounts payable and due to related parties.
           It is management's opinion that the Company is not exposed to
           significant interest, currency or credit risks arising from these
           financial instruments. The fair value of these financial statements
           approximates their carrying values.

Note 10.   PENSION AND EMPLOYMENT LIABILITIES

           The Company does not have liabilities as at December 31, 2001, for
           pension, post-employment benefits or post-retirement benefits. The
           Company does not have a pension plan.

Note 11.   ACQUISITION

           Teda Technologies Inc. acquired a 90% interest in Tianjin Wanfang
           Teda Science and Technology Co. Ltd. as at October 1, 2001 for a
           consideration of $1.00. The latter company owns 48% of Teda Pioneer
           Technologies Co. Ltd. The majority (52%) owner of Teda Pioneer
           Technologies Co. Ltd. is Yu Xun Chuang Xian Information Development
           Co. Ltd.

                                       15
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)

Note 12.   OPTION AGREEMENT

           As at October 1, 2001, Teda Technologies Inc. signed an option
           agreement with Teda Pioneer Technologies Co. Ltd. ("Pioneer"). Terms
           and conditions are as follows:

                  1.       Option to have General Appointment

                  Pioneer hereby grants Teda Technologies Inc. ("TTC") an option
                  (Option) to be Pioneer's manager to manage the affairs of
                  Pioneer's Business in accordance with the terms of an
                  agreement (PSA) which automatically takes full force and
                  effect upon TTC investing $500,000 US (Investment) at any time
                  on or before the expiry date 12 months from the date of this
                  agreement.

                  2. The PSA entitles TTC to earn a 27% of the net profit (Net
                  Profit) of the Business by reason of its management
                  contribution set forth in the PSA and its Investment which Net
                  Profit it is agreed may, at TTC's option be converted in whole
                  or in part to equity in Pioneer provided the rules and
                  regulations in China permit such ownership

                  3.       Termination

                  This Agreement shall terminate and be of no further force or
                  effect if TTC fails to make the Investment by the Expiry Date
                  unless such date is extended by mutual agreement and in the
                  event TTC does not exercise Option TTC will have no further
                  rights to manage the affairs of Pioneer nor be entitled to any
                  share of its Net Profits save through its ownership in Wang
                  Fang Teda (Tianjin) Technologies Development Co. Ltd., a
                  company subsequently incorporated on October 29, 2001.

                  4.       Notice

                  Notices as to disputes or termination to be given under this
                  Agreement shall be signed by the party giving such notice and
                  mailed by certified or registered mail, addressed to the party
                  to be notified at its then current business address as set
                  forth at the beginning of this Agreement or as subsequently
                  changed by giving notice. Notice as to address changes,
                  pricing changes, warranty changes and other matters relating
                  to policy and business may by given to such addresses, by
                  facsimile transmission, telex, telegram or first class mail.
                  Notices by mail shall be deemed given three days after
                  mailing.

                                       16
<PAGE>
                      TEDA TECHNOLOGIES INTERNATIONAL, INC.
                   Notes to Consolidated Financial Statements
                                December 31, 2001
                                  (Unaudited)

Note 12.   OPTION AGREEMENT (cont'd)

                  5.       Settlement of disputes and Governing Law

                  5.1 In the event a dispute arises in connection with the
                  interpretation of this Agreement, the parties shall attempt in
                  the first instance to resolve such dispute through amicable
                  consultations. If the dispute cannot be resolved within thirty
                  (30) days the dispute may refer the dispute to arbitration by
                  the Beijing International Arbitration Committee ("Committee").
                  The number of arbitrators shall be three. The claimant(s) in
                  the dispute shall appoint one arbitrator within thirty (30)
                  days of filing notice of the arbitration, and the
                  respondent(s) in the dispute shall appoint one arbitrator
                  within thirty (30) days thereafter. If the respondent fails to
                  so appoint an arbitrator, the Arbitration Centre shall appoint
                  the second arbitrator. The two arbitrators thus appointed
                  shall choose the third arbitrator, and if they fail to do so
                  within thirty (30) days after the appointment of the second
                  arbitrator, the third arbitrator shall be appointed by the
                  Committee. The arbitration proceedings shall be conducted in
                  the English language.

                  5.2. Any award of the arbitrators shall be final and binding
                  on the parties. The costs of arbitration shall be borne by the
                  losing party, unless the arbitrators determine that this would
                  be inequitable. The parties agree and recognize that any award
                  of the arbitrators shall be recognizable and enforceable in
                  any court having jurisdiction over the party against whom the
                  award was rendered, and also wherever assets of such party are
                  located.

                  5.3. The legal relations between the parties under this
                  contract shall be interpreted in accordance with the
                  substantive laws of China. Any disputes between the parties
                  concerning their legal obligations arising under this contract
                  which are submitted to arbitration pursuant to this clause
                  shall be decided pursuant to the substantive laws of China.

                  6.       Conditions

                  Pioneer agrees that during the currency of this agreement TTC
                  will not offer any of its equity nor rights to its profits
                  similar to the PSA to any other party.

                  7.       This  Agreement  shall  enure to the benefit of and
                  be binding upon the parties hereto and their respective
                  administrators and successors.

                                       17
<PAGE>
ITEM 2.    MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS

Plan of Operations

Since incorporation and prior to October 1, 2001, the Company was a "blank
check" company engaged solely in the activity of seeking a merger candidate.

On September 1, 2001, the Company entered into a Share Exchange Agreement with
the shareholders of a private Canadian company, Teda Technologies Inc. ("Teda
Canada"), whereby the Company acquired 100% of Teda Canada in exchange for
15,697,000 new treasury shares of the Company. A Form 8K was filed on September
14, 2001 which outlined the transaction structure and included a copy of the
Share Exchange Agreement. The key asset of Teda Canada was a Profit Sharing
Agreement that it had entered into on June 1, 2001 with a Chinese domestic joint
venture enterprise engaged in the value added telecommunications industry.

At a meeting of the Company's Board of Directors held on November 13, 2001, it
was unanimously agreed to amend the effective date of the Share Exchange
Agreement from September 1, 2001 to October 1, 2001. This amendment was decided
upon as a result of material amendments to the Profit Sharing Agreement which
was the primary asset of Teda Canada, and as a result of Teda Canada's intent to
acquire an equity interst in the Chinese domestic joint venture enterprise known
as Teda Pioneer Technologies Co. Ltd. ("Teda Pioneer").

Teda Canada's wholly owned Chinese subsidiary, Wan Fang Teda (Tianjin)
Technologies Development Co. Ltd. on October 1, 2001 acquired 90% of the equity
of a Chinese venture, Tianjin Wan Fang TEDA Science and Technology Co. Ltd.
("Wan Fang"). The other 10% equity portion in Wan Fang is owned by a state owned
enterprise, the Teda Administration Commission, which manages the Tianjin
Economic Technological Development Area, an economic development zone
established in 1984 by the State Council of China. Wan Fang owns 48% of the
equity in Teda Pioneer.

The original Profit Sharing Agreement dated June 1, 2001 between Teda Canada and
Teda Pioneer, was terminated as a result of Teda Canada's acquired equity
ownership in Teda Pioneer through its subsidiary and Wang Fang.

The Business

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. ("Chuang Xian"), a division of the Data Bureau department
of China Telecom-Tianjin.

                                       18
<PAGE>
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

Teda Pioneer is establishing a significant market position for its value added
IT products and services throughout the Tianjin China and Teda Government region
- an area with a population of over 11 million people. The Teda Government
region alone contains over 3,200 major foreign production plants - each with
significant telecommunications equipment and service needs.

Teda Pioneer has focused on provision of digital data network (DDN) and
commercial broadband Internet services, particularly with respect to large
commercial buildings that have traditionally been under-serviced in Tianjin.
China Telecom estimates that there are approximately 11,000 such structures in
the Tianjin area that could be connected with such technologies.

The Market

China's telecommunications system and structure has undergone tremendous growth
over the past 10 years. Users are demanding more services, faster Internet
access speeds and higher levels of product quality. China's economic growth is
currently averaging 8% annually and is forecast to maintain a minimum 6% annual
growth rate for at least the next 20 years. Communications and related
infrastructures are key ingredients in achieving this level of growth and for
continuing this trend.

China Telecom and its offshoots dominate the Chinese public telecommunications
market, and through high wholesale tariffs, the Internet service provider
market. China Telecom is a primary provider of fixed line telephone and mobile
phone communications products while value added companies provide a range of
services and products including derivatives of the Internet such as Internet
data centers, web hosting and IP phones. Teda Pioneer is one such enterprise.

The level of competition between value added IT business operators in the China
market is anticipated to increase as a result of the signing of the World Trade
Organization agreement by China. Such an environment makes China's IT business
difficult for smaller or new competitors and even for the large domestic plays.

                                       19
<PAGE>
Sustained success in China depends on a number of factors but key among them is
the strength of partners and alliances. While competition is fierce, businesses
that have strong partners have good prospects for success. This competitive
market challenges domestic firms to modernize management and to successfully
compete for a share in the growing market. For those that meet the challenge,
the opportunity for success is high. Teda Pioneer's business is the logical
answer for seizing market share by the joining of synergistic forces.

Strategic Relationships

Tianjin Economic Technological Development Area (Teda Government)

Teda Government oversees one of the first economic development areas established
in China in December 1984. Teda Government's special economic zone is a bridge
for foreign enterprises seeking to break into China's emerging consumers
markets. To date, over 3,200 foreign companies have located at the Teda
Government area including Motorola, Nestle and Samsung. Total foreign investment
to date exceeds $12.5 billion US.

Within a radius of 500 kilometers of the Teda Government economic zone are 11
Chinese cities with a population over 1 million. This radius area encompasses a
population of over 200 million or 1/6th of China's total population.

China Telecom - Tianjin

Wan Fang's 52% partner in Teda Pioneer is a division of China Telecom - Tianjin.
China Telecom is China's telecommunication monopoly and has become the dominant
Internet backbone in China. China Telecom has recently reorganized itself into
two macro groups, one which owns and controls the main infrastructure and the
other which provides the actual services to customers/users. The latter group is
open for third parties to collaborate with and compete. Teda Pioneer is one such
entity.

Eighty percent of the Tianjin IT market has traditionally been controlled by
Chuang Xian and Teda Pioneer is aggressively marketing its product line
emphasizing Chuang Xian's rich experience, particularly in areas of broadband
and high speed connect, to commercial customers in the Tianjin and Teda
Government industrial park areas.

The alliance between the partners in Teda Pioneer combines China Telecom's
assets and experience in the Tianjin telecom industry, Teda Government's
strategic affiliations and large industrial base and Teda's international
management skills and access to capital.

Results of operations - comparison of the three-month and six-month periods
ended December 31, 2001 and December 31, 2000.

The following discussion should be read in conjunction with the accompanying
financial statements for the three-month and six-month periods ended December
31, 2001 and the

                                       20
<PAGE>

Annual Report for the fiscal year ended June 30, 2001 which was filed on Form
10KSB by the Company on November 26, 2001.

Certain statements in this report and elsewhere (such as in other filings by the
Company with the Securities and Exchange Commission, press releases,
presentations by the Company or its management and oral statements) may
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Words such as "experts",
"anticipates", "intends", "plans", "believes", "seeks", "estimates", and
"should" and variations of these words and similar expressions, are intended to
identify these forward-looking statements. The Company undertakes no obligation
to publicly release the result of any revisions to these forward-looking
statements, which may be made to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.

The Company is a development stage company and through its wholly owned Canadian
subsidiary, Teda Canada, and its wholly owned China subsidiary, Wan Fang Teda
(Tianjin) Technologies Development Co. Ltd., owns 90% of the equity of another
Chinese company, Wan Fang. Wan Fang owns a 48% interest in Teda Pioneer.

On October 1, 2001, the Company acquired 100% of the equity of Teda Canada in
consideration for issuing 15,697,000 new treasury shares. Therefore, the Company
during the quarter ended December 31, 2001, was no longer a blank check company.

Gross revenue for the quarter was $62,839 as the Company's share of profits of
its non-consolidated minority interest in the subsidiary. There have been no
revenues generated by the Company previous to this quarter.

Gross profit for the quarter was $56,555 after taking into consideration the 10%
minority interest of Teda Government in Wan Fang. Net income for the quarter was
$15,240 after consideration of general and administrative costs.

Gross revenue for the six-month period was $62,839 as compared to 0 in the
comparable period in 2000. Net income for the six-month period was $11,718 after
consideration of general and administrative costs and consideration of the
minority interest.

General and Administrative Expenses

General and administration expenses were $41,315 for the three-month period
ended December 31, 2001 versus $6,502 for the corresponding period in 2000. The
increase was directly related to the additional costs of operations as a result
of the acquisitions in Canada and China.

These additional costs included investor relation costs of $7,500, office costs
of $5,232, transfer agent and filing fees of $1,370 and travel/promotion costs
of $1,890. Professional fees for the quarter were $25,144 as compared to $6,494
for the corresponding period in 2000.

                                       21
<PAGE>

General and administrative expenses were $44,837 for the six-month period ended
December 31, 2001 versus $6,866 in the 2000 comparable period. Costs during the
six-month period were investor relation costs of $7,500, office costs of $5,372,
transfer agent and listing fees of $1,370 and travel/promotion costs of $1,890.
Professional fees for the six-month period were $28,526 as compared to 6,858 in
the 2000 comparable period.

Liquidity and Capital Resources

The cash balance at the end of the period was $444,940 compared to 0 at December
31, 2000. This included $9,779 in bank account balances, $350,000 in short term
deposits and $85,161 held in trust with Teda Canada's Canadian attorney. For the
period ended December 31, 2001, the Company's operating activities used net cash
of $4,229 compared to 0 in the comparable period for 2000.

Current assets totaled $572,066 which included $444,940 in cash and cash
equivalents, $7,732 in prepaid expenses and $119,394 in profits due from the
non-consolidated interest in Teda Pioneer. The December 31, 2000 current asset
listing was 0.

Longer term assets included $225,882 in investment in Teda Pioneer and $1,539 in
deferred costs. The December 31, 2000 long term asset listing was 0.

Current liabilities totaled $251,391 comprised of $10,425 in accounts payable,
$175,870 due to related parties and $65,096 due to minority interest equity
holders. The December 31, 2000 liability listing included $2,967 in accounts
payable.

Shareholders equity as at December 31, 2001 totaled $548,096 which included
capital stock of $1,670 at par value, $595,204 as additional paid in capital,
and <$48,778> as a deficit in retained earnings to date. The December 31, 2000
figures reflected $100 in par value capital stock, $36,861 as additional paid in
capital and a deficit of <$39,928> to date.

During the quarter, a total of $33,610 in cash was derived from items including
net profit for the period of $15,240, $6,284 as a minority interest unpaid,
$5,000 as a decrease in prepaid expenses and $7,086 as an increase in accounts
payable. Profits due from Teda Pioneer totaled $119,394 which included $56,555
on acquisition at October 1, 2001 and $62,839 during the quarter ended December
31, 2001.

Financing activities during the quarter were $25,000 loaned from a related
party. For the six-month period, cash increased by $444,940. Also during the
six-month period, a total of $773,927 in financing was carried out comprised of
$559,202 in stockholder's equity acquired when Teda Canada was acquired, $58,812
in unpaid minority interests and $155,913 due to related parties.

Investment activities during the quarter were 0 and $227,421 during the
six-month period comprised of $225,882 investment in Teda Pioneer and $1,539 in
deferred costs.

                                       22
<PAGE>

Assets as at December 31, 2001 totaled $111,068 in Canada and $688,419 in China.

The Company has historically relied upon sales of its common stock and loans
from related parties to finance its operations. Additional financing may be
required to meet its obligations in Wan Fang and for current and long-term
development, marketing, and working capital. The Company continues to pursue
opportunities to undertake private equity financings. There can be no assurances
that such financings will take place or, if so, that it will be on acceptable
terms. To the extent of any shortfall in financing, the Company's operations
will be delayed, curtailed or prevented, and the Company may be required to
substantially modify its operations.



                                       23
<PAGE>
                           PART II - OTHER INFORMATION

ITEM 1.  LEGAL PROCEEDINGS

The Company is not a party to any pending or to the best of its knowledge, any
threatened legal proceedings. No director, officer or affiliate of the Company,
or owner of record or of more than five percent (5%) of the securities of the
Company, or any associate of any such director, officer or security holder is a
party adverse to the Company or has a material interest adverse to the Company
in reference to pending litigation.

ITEM 2.  CHANGES IN SECURITIES

As a component of the Share Exchange Agreement dated October 1, 2001, a total of
15,697,000 new treasury shares of the Company have been issued to the former
shareholders of Teda Technologies Inc.

ITEM 5. OTHER ITEMS

On December 20, 2001, the Company gave notice to its auditor, Cordovano &
Harvey, Certified Public Accountants that they would no longer be the auditor of
record. The Company has retained the firm of Moen & Company to undertake audit
activities. A Form 8K to this effect was filed on December 19, 2001.

ITEM 6.  EXHIBITS AND REPORTS ON FORM 8-K.

(a)   The following is a list of exhibits filed as part of this quarterly
      filing on Form 10QSB.

      o  Financial statements for the period ended December 31, 2001.

(b)   Filings on Form 8-K.

      1.       Form 8K filed on September 14, 2001 which reported the following:
               Share Exchange Agreement entered into by the Company and the
               shareholders of Teda Technologies Inc., a private Canadian
               corporation effective September 1, 2001.

      2.       Form 8-K filed on November 14, 2001 which reported on the
               following:

               Amendment of the closing date of the Share Exchange Agreement
               with the shareholders of Teda Technologies Inc. from September
               1, 2001 to October 1, 2001.

      3.       Form 8-K filed on December 19, 2001 which reported on the
               following:

                                       24
<PAGE>

               Change of auditor from Cordovano & Harvey Certified Public
               Accountants to Moen & Company.


                                   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:    February 14, 2002

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


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



                                       25