UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

~~(Mark~~ ~~One~~[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~[X]~~For ~~QUARTERLY~~the ~~REPORT~~quarterly ~~UNDER~~period ~~SECTION~~ended: 13March OR31, ~~15(D) OF THE SECURITIES EXCHANGE ACT OF 1934~~2010

~~For~~ ~~the~~[ ~~quarterly~~] ~~period~~TRANSITION ~~ended September~~REPORT ~~30,~~PURSUANT ~~2009~~TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

~~[ ]~~ ~~TRANSITION~~For ~~REPORT~~the ~~UNDER~~transition ~~SECTION~~period 13from OR_____________ ~~15(D)~~to ~~OF THE SECURITIES EXCHANGE ACT OF 1934~~_____________

~~For~~ ~~the~~Commission ~~transition~~File ~~period~~No. ~~__________~~333-134287 ~~to __________~~

~~COMMISSION~~ ~~FILE~~CHINA ~~NUMBER: 333-134287~~INTERACTIVE EDUCATION, INC. (Exact name of registrant as specified in its charter)

FIND THE WORLD INTERACTIVE, INC.

Nevada	98-0643339
(State or other jurisdiction of incorporation or	(I.R.S. Employer Identification No.)
organization)

~~(Exact~~ ~~name~~Block ofC, ~~registrant~~Zhennan asRoad, ~~specified~~South inDistrict ~~its~~ Zhongshan ~~charter~~City, Guangdong Province People’s Republic of China (Address of principal executive offices)

~~DELAWARE~~ (86) 0760-2819888 (Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant (~~State~~1) has filed all reports required to be filed by Section 13 or ~~other~~15(d) ~~jurisdiction~~of the Securities Exchange Act of ~~incorporation~~1934 during the preceding 12 months (or ~~organization~~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.

~~59-253~~ ~~9657~~Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (I§ 232.~~R.S.~~405 ~~Employer~~of ~~Identification Number~~this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

~~5449~~ ~~Carnaby~~Yes ~~Place Sechelt,~~[ ] No ~~B.C.~~[ ]

~~V0N~~ ~~3A7~~Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer [ ] Accelerated Filer [ ] Non-Accelerated Filer [ ] Smaller reporting company [X] (~~Address~~Do ofnot ~~principal~~check ~~executive~~if ~~offices~~a smaller reporting company)

Indicate by check mark whether registrant is a shell company (~~604)~~as ~~740~~defined in Rule 12b-~~6302~~2 of the Act).

~~(Registrant’s~~ ~~telephone~~Yes ~~number,~~[ ] No ~~including area code)~~[X]

~~Indicate~~ byThe ~~check~~number ~~mark~~of ~~whether~~shares ~~the~~outstanding ~~registrant:~~of ~~(1) has~~each ~~filed all reports required to be filed by Section 13 or 15(d)~~ of the ~~Securities~~issuer’s classes ~~Exchange Act~~ of ~~1934~~common ~~during~~equity, ~~the~~as ~~preceding~~of ~~12 months~~May ~~(or~~19, ~~for such shorter period that the registrant was required to file such reports)~~2010, ~~and~~is ~~(2) has~~as ~~been~~follows: ~~subject to such filing requirements for the past 90 days. Yes þ No o~~

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Class of Securities	Shares Outstanding
Common Stock, $0.0001 par value	65,000,000

~~Large~~TABLE ~~accelerated~~OF ~~filer~~CONTENTS ~~o Accelerated filer o Non-accelerated filer o Smaller reporting company þ~~

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes þ No o

PART I	FINANCIAL INFORMATION.
ITEM 1.	FINANCIAL STATEMENTS	3
ITEM 2.	MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS.	18
ITEM 3.	QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.	25
ITEM 4.	CONTROLS AND PROCEDURES.	25

PART II	OTHER INFORMATION
ITEM 1.	LEGAL PROCEEDINGS.	25
ITEM 1A.	RISK FACTORS.	26
ITEM 2.	UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.	26
ITEM 3.	DEFAULTS UPON SENIOR SECURITIES.	26
ITEM 4.	(REMOVED AND RESERVED).	26
Item 5.	OTHER INFORMATION.	26
Item 6.	EXHIBITS.	26

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Title of Each Class Outstanding at October 13, 2009 Common Shares, no par value per share 4,600,000 shares

INDEX TO FORM 10-Q QUARTERLY REPORT

PART I Financial Information 2 Item 1. Financial Statements (Unaudited) 2 Item 2. Management's Discussion and Analysis or Plan of Operation. 15 Item 3. Controls and Procedures 17 PART II Other Information 17 Item 1. Legal Proceedings 17 Item 2. Recent Sales of Unregistered Securities 17 Item 3. Defaults Upon Senior Securities 17 Item 4. Submission of Matters to a Vote of Security Shareholders 18 Item 5. Other Information 18 Item 6. Exhibits 18 Signatures 19

INFORMATION REGARDING FORWARD-LOOKING STATEMENTS

This Transition Report on Form 10-Q contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of such terms or other comparable terminology. These statements are only predictions. Actual events or results may differ materially.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no duty to update any of the forward-looking statements after the date of this report to conform such statements to actual results or to changes in our expectations.

Readers are also urged to carefully review and consider the various disclosures made by us which attempt to advise interested parties of the factors which affect our business, including without limitation the disclosures made under the caption “Management’s Discussion and Analysis or Plan of Operation” and under the caption “Risk Factors” included herein.

PART I
FINANCIAL INFORMATION

~~Item~~ITEM 1. FINANCIAL STATEMENTS.

~~Financial~~CHINA ~~Statements~~INTERACTIVE EDUCATION, INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.)

~~FIND~~INDEX ~~THE~~TO ~~WORLD~~CONDENSED ~~INTERACTIVE~~CONSOLIDATED ~~INC.~~FINANCIAL STATEMENTS

(A Development Stage Company)

	Page

Condensed Consolidated Balance Sheets	4

Condensed Consolidated Statements of Income	5

Condensed Consolidated Statements of Cash Flows	6

Condensed Consolidated Statements of Changes in Stockholders’ Equity	7

Notes to Consolidated Financial Statements	8

~~INTERIM~~- ~~FINANCIAL~~3 ~~STATEMENTS~~-

~~September~~CHINA 30INTERACTIVE EDUCATION, ~~2009~~INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) CONDENSED CONSOLIDATED BALANCE SHEETS (AMOUNTS EXPRESSED IN US DOLLAR)

(Stated in US Dollars)

			March 31,		December 31,
			2010		2009
			(Unaudited)		(Unaudited)
ASSETS
Current Assets
Cash and cash equivalents		$	180,762	$	351,544
Accounts receivable, net of allowance of $710,828 (unaudited) and nil as of March 31, 2010 and December 31, 2009 respectively			8,437,780		11,006,809
Inventories			2,290,701		1,152,365
Other current assets			1,171,525		656,236

Total current assets			12,030,537		13,166,954

Other Assets
Property, plant and equipment, net	5		441,332		402,897
Intangible assets, net	6		529,702		581,604

Total assets		$	13,001,571	$	14,151,455

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable		$	4,082,595	$	4,687,232
Other payables and accrued expenses			251,032		225,819
Sales deposits received			641,030		255,852
Value added and other taxes payable			1,900,253		1,737,623
Income tax payable			850,197		742,937
Due to related parties	12		964,829		1,292,584

Total current liabilities			8,689,936		236,638

Total liabilities			8,689,936		236,638

Commitments and Contingencies (Note 9)

Shareholders’ Equity
Common stock, $65,000 par, 200,000,000 shares authorized, issued and outstanding			65,000		65,000
Additional paid in capital			1,128,000		1,128,000
Retained earnings			3,246,533		3,540,507
Statutory reserve			87,884		87,884
Accumulated other comprehensive income			545,277		388,017

Total shareholders’ equity			5,072,694		5,209,408

Total liabilities and shareholders’ equity		$	13,762,631	$	14,151,455

~~(Unaudited)~~The accompanying notes are an integral part of these consolidated financial statements.

2- 4 -

CHINA INTERACTIVE EDUCATION, INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (UNAUDITED) (AMOUNTS EXPRESSED IN US DOLLAR)

(A Development Stage Company)

		For the Three Months Ended
		March 31,
		2010			2009

REVENUE	$	3,572,989		$	3,162,404

Cost of sales		(2,365,652	)		(1,188,260	)

Gross profit		1,207,337			1,974,144

Operating expenses:
Selling and promotion		(1,247,030	)		(38,899	)
General and administrative		(240,377	)		(88,099	)
Product development		-			(208,573	)

Total operating expenses		(1,487,407	)		(335,571	)

(Loss) income from operations		(280,070	)		1,638,573

Bank interest income		58			186

(Loss) income before income tax		(280,012	)		1,638,759

Provision for income tax		-			(287,730	)

NET (LOSS) INCOME		(280,012	)		1,351,029

OTHER COMPREHENSIVE INCOME:
Foreign currency translation adjustment		(13,962	)		-

TOTAL COMPREHENSIVE (LOSS)

INCOME	$	(293,974	)	$	1,351,029

(Loss) Earning per shares – Basic and diluted	$	(0.005	)	$	0.0224

~~INTERIM~~The ~~BALANCE~~accompanying ~~SHEETS~~notes are an integral part of these consolidated financial statements.

~~(Unaudited)~~- 5 -

~~September~~CHINA 30INTERACTIVE EDUCATION, ~~2009~~INC. ~~and~~(PREVIOUSLY KNOWN ~~December~~AS 31FIND THE WORLD INTERACTIVE,~~2008~~ INC.) CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (AMOUNTS EXPRESSED IN US DOLLAR)

(Stated in US Dollars)

		For the Three Months Ended
		March 31,
		2010			2009
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$	(280,012	)	$	1,347,518
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation of property, plant and equipment		23,382			3,511
Amortization of intangible assets		54,827			54,817
Decrease (increase) in assets:
Accounts receivable		1,883,810			111,649
Inventories		(1,137,633	)		(50,377	)
Other current assets		(394,673	)		88,621
Increase (decrease) in liabilities:
Accounts payable		(606,280	)		-
Accrued expenses		384,582			-
Sales deposits received		90,500			293,796
Income tax payable		269,018			(17,943	)
Net cash provided by operating activities		287,521			1,831,592

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property, plant and equipment		(61,715	)		(52,876	)
Purchase of intangible assets		(3,222	)		-
Repayment from (advance to) a related company		22,017			(243,079	)
Advance to a director		(415,530	)		(1,794,015	)
Net cash used in investing activities		(458,450	)		(2,089,970	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Dividend		-			-
Net cash provided by (used in) financing activities		-			-

Effect of foreign currency translation		147			(9,088	)

Increase (decrease) in cash and cash equivalents		(170,782	)		(267,466	)

Cash and cash equivalents, beginning of period/year		351,544			441,231

CASH AND CASH EQUIVALENTS, end of period/year	$	180,762		$	173,765

SUPPLEMENTAL DISCLOSURE INFORMATION
Finance cost paid	$	-		$	-
Income tax paid	$	-		$	-

ASSETS	September 30,	December 31
	2009	2008
Current
Cash	$ 121	$ 100
LIABILITIES and STOCKHOLDERS’ EQUITY
Current
Advance payable – Note 4	23,816	15,764
Accounts payable	2,918	7,514
Due to related parties – Note 3	41,554	30,364
	68,288	53,642
Shareholders Deficit
Common stock
10,000,000 common shares authorized at $0.001 par value
4,600,000 common shares issued and outstanding	4,600	4,600
Additional paid-in capital	33,064	33,064
Deficit accumulated during the development stage	(97,128)	(90,435)
Cumulative effect of foreign exchange	(8,703)	(771)
	(68,167)	(53,542)
Total liabilities and stockholders’ deficiency

The accompanying notes are an integral part of these consolidated financial statements.

$- ~~121~~6 -

$CHINA ~~100~~INTERACTIVE EDUCATION, INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITYAND COMPREHENSIVE INCOME (UNAUDITED) (AMOUNTS EXPRESSED IN US DOLLAR)

												Accumulated
					Additional							other
	Ordinary Shares				paid-in		Statutory		Retained			comprehensive
	Number		Amount		Capital		Reserves		Earnings			Income		Total

Balance, January 1, 2008	60,400,000	$	60,400	$	-	$	-	$	1,470,622		$	294	$	1,531,316

Net income for the year	-		-		-		-		6,817,691			-		6,817,691
Foreign currency translation adjustment	-		-		-		-		-			333,771		333,771
Total comprehensive income	-													7,151,462

Balance, December 31, 2008	60,400,000	$	60,400	$	-	$	-	$	8,288,313		$	334,065	$	8,682,778

Effect of reverse acquisition	4,600,000		4,600		-		-		(72,767	)		-		(68,167	)
Net income for the year	-		-		-		-		8,900,448			-		8,900,448
Foreign currency translation adjustment	-		-		-		-		-			53,952		53,952
Transfer to reserve	-		-		-		87,884		(87,884	)		-		-
Dividend paid	-		-		-		-		(13,487,603	)		-		(13,487,603	)
Share-based payment by shareholder	-		-		1,128,000				-			-		1,128,000

Balance, December 31, 2009	65,000,000	$	65,000	$	1,128,000	$	87,884		3,540,507		$	388,017	$	5,209,408

Net loss as of March 31, 2010	-		-		-		-		(293,974	)		-		(293,974	)
Foreign currency translation adjustment	-		-		-		-		-			157,260		157,260

Balance, March 31, 2010	65,000,000	$	65,000	$	1,128,000	$	87,884		3,246,533			545,277		5,072,694

~~FIND~~The ~~THE~~accompanying ~~WORLD~~notes ~~INTERACTIVE~~are ~~INC~~an integral part of these consolidated financial statements.

(A- ~~Development~~7 ~~Stage~~- ~~Company)~~

~~INTERIM~~CHINA ~~STATEMENTS~~INTERACTIVE OFEDUCATION, ~~OPERATIONS~~INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~(Unaudited)~~NOTE 1 DESCRIPTION OF BUSINESS AND ORGANIZATION

~~for~~China Interactive Education, Inc (“CIE” or the ~~Quarter~~“Company”) ~~ended~~was incorporated ~~September~~in ~~30,~~the ~~2009~~State ~~and~~of ~~2008~~Delaware on August 28, ~~and~~2000 for the ~~Nine~~purpose ~~months~~of developing ~~ended~~online ~~September~~internet 30community portals. On December 4, 2009, ~~and~~the ~~2008~~Company changed its legal domicile from Delaware to Nevada by merging into our wholly-owned subsidiary, ~~and~~China Interactive Education, Inc., which we established in the ~~period~~State ~~August~~of 28Nevada for the sole purpose of effecting the change of domicile to Nevada, ~~2000~~which ~~(Date~~we deeded to be a more favorable jurisdiction with a well recognized body of ~~Inception)~~corporate law and no state income tax. The Company’s name was changed from Find the World Interactive, Inc. to ~~September~~China 30Interactive Education, Inc. On December 11, 2009, the Company completed a reverse acquisition of MenQ Technology Group Limited (“MenQ”).

~~(Stated~~As inof USMarch ~~Dollars)~~31, 2010, details of the Company’s wholly-owned subsidiaries are as follows:

						August 28, 2000
		Place and date of
						(Date of
Subsidiaries’ names		incorporation		Paid-up capital		Principal activities
	Quarter ended		Nine Months ended			Inception) to
MenQ Technology Group Limited (“MenQ”)		British Virgin Islands (“BVI”) July 2, 2009		$50,000		Intermediate holding company
	September 30,		September 30,			September 30,
Wisegate International Limited (“Wisegate”)		BVI May 30, 2007		$50,000		Licensing of a patent of a global positioning systems (GPS) technology and as an intermediate holding company
	2009	2008	2009		2008	2009
Menq International Limited (“MenQ HK”)		Hong Kong July 28, 2006		HK$10,000		Development and sales of electronic products
Revenues	$ -	$ -	$ -		$ -	$ 5,253
Clever Aim Development Limited (“Clever Aim”)		Hong Kong August 3, 2009		HK$10,000		Intermediate holding company
Expenses
MenQ Technology Limited (“MenQ China”)		People’s Republic of China (“PRC”) December 25, 2008		RMB1,000,000		Development and sales of electronic learning products
Accounting and legal fees	352	620	(919)		(626)	51,732
Advertising and promotions	0	-	0		-	1,790
Bank charges and interest	79	85	223		230	1,347
Consulting fees	0	-	0		-	21,039
Foreign exchange	(2)	(1)	(2)		(16)	(307)
Office and miscellaneous	2,097	525	7,390		2,589	26,781
Net loss for the period	(2,527)	(1,229)	(6,693)		(2,176)	(97,128)
Foreign currency translation adjustment	(5,263)	2,273	(7,932)		3,791	(8,703)
Comprehensive income (loss) for the period	$ (7,790)

~~$ 1,044~~Reverse Acquisition

$ On December 11, 2009, the Company entered into a share exchange agreement (14“Share Exchange Agreement”) under which the Company issued 60,~~624~~400,000 shares of the Company, to the sole shareholder of MenQ in exchange for all the issued and outstanding shares of MenQ (the “ Share Exchange ”). Immediately following the Share Exchange, the shareholder of MenQ owned approximately 92.2% of the Company’s total issued and outstanding share capital on an as-if converted and fully-diluted basis.

~~$ 1~~As a result,~~615~~ the Share Exchange has been accounted for as a reverse acquisition using the purchase method of accounting, whereby MenQ is deemed to be the accounting acquirer and the CIE to be the accounting acquiree. The financial statements before the date of Share Exchange are those of MenQ with the results of CIE being consolidated from the date of Share Exchange. The equity section and the earnings per share have been retroactively restated to reflect the reverse acquisition and no goodwill has been recorded.

$ MenQ Technology Group Limited (~~105,831~~“MenQ”) is a company incorporated with limited liability on July 2, 2009 in the British Virgin Islands, with a registered and paid up capital of $50,000.

~~Basic~~On ~~and~~September ~~diluted~~8, ~~loss~~2009, ~~per~~the ~~share~~Company changed its name from Mighty Genius Holdings Limited to MenQ Technology Group Limited.

$- ~~(0.00)~~8 -

$CHINA INTERACTIVE EDUCATION, INC. (0PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.00) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

$NOTE 1 DESCRIPTION OF BUSINESS AND ORGANIZATION (~~0.00~~CONTINUED)

$MenQ (0of its own has not carried out any substantive operations except for investment holding.~~00)~~ Through its wholly-owned subsidiaries, MenQ primarily engages in the development and sales of electronic products based on a computer programming technology.

~~Weighted~~Since ~~average~~their ~~number~~incorporation, 100% of ~~shares~~the ~~outstanding~~equity interests in Wisegate and Clever Aim have always been held by MenQ.

~~4,600,000~~Restructuring

4On September 7,~~600~~ 2009,~~000~~ pursuant to a restructuring plan (“Restructuring”), MenQ through Wisegate, acquired 100% equity interests in MenQ HK from Mr. Chen Ruofei and another minority shareholder, who are both PRC residents.

4On October 10,~~600~~ 2009,~~000~~ also pursuant to the Restructuring, MenQ through Clever Aim, acquired 100% equity interests in MenQ China from Mr. Chen Ruofei, Mr. Chen Tiannan and other minority shareholders, who are all PRC residents. On October 10, 2009, the local government of the PRC issued the certificate of approval regarding the change in shareholding of MenQ China and its transformation from a PRC domestic company to a wholly-foreign owned enterprise.

4On September 21,~~600~~ 2009,~~000~~ as part of the Restructuring, Mr. Chen Ruofei, Mr. Chen Tiannan and other minority shareholders (“MenQ HK and MenQ China Former Shareholders”) through Future Billion Limited (“Future Billion”, a company incorporated in the BVI, established and controlled by MenQ HK and MenQ China Former Shareholders), entered into an option agreement (“Option Agreement”) with Mr. Liu Hai Qi (the “Granter”, the sole legal shareholder and director of MenQ).

4Pursuant to the Option Agreement, Future Billion obtained the right and option to acquire all outstanding shares (“Option Shares”) in MenQ at an exercise price of $1 per share during the exercise period of five years commencing on the ninetieth day after the effectiveness of a registration statement under the Securities Act to be filed by a United States public reporting shell company, with which MenQ intends to enter into a share exchange agreement for the purposes of a reverse merger with that shell company.

~~FIND~~Pursuant ~~THE~~to ~~WORLD~~the ~~INTERACTIVE~~Option ~~INC.~~Agreement, the Granter further agrees, among others, that throughout the exercise period of the Option Agreement, without the prior written approval of Future Billion:

(Ai) ~~Development~~he ~~Stage~~will ~~Company~~not increase the number of authorized shares of the MENQ’s common stock; (ii) he will keep available the services of current officers and employees of MENQ and its subsidiaries; (iii) MENQ and its subsidiaries do not declare, accrue, set aside or pay any dividend or make any other distribution, nor do they repurchase, redeem or otherwise reacquire any equity of shares of capital stock or other securities; (iv) MENQ and its subsidiaries do not sell or otherwise issue any equity, shares of capital stock or any other securities.

~~INTERIM~~The ~~STATEMENTS~~primary OFpurpose ~~CASH~~of ~~FLOWS~~the Option Agreement is to enable MenQ HK and MenQ China Former Shareholders to reacquire ultimate controlling legal ownership of MenQ HK and MenQ China in compliance with regulatory requirements of the PRC.

~~for~~During and after the ~~Nine~~Restructuring, ~~months~~there ~~ended~~has ~~September~~been 30no change to the composition of the board of directors of MenQ HK and MenQ China. The boards of directors of MenQ HK and MenQ China have continued to comprise representatives of HK Menq and MenQ China Former Shareholders. Therefore, ~~2009~~MenQ HK and ~~2008~~MenQ China are still under the same operating and management control of MenQ HK and MenQ China Former Shareholders. As a result of the Option Agreement, MenQ HK and MenQ China Former Shareholders, through Future Billion, continue to bear the residual risks and rewards relating to MenQ HK and MenQ China. As a result, the Restructuring has been accounted for as a recapitalization of MenQ HK and MenQ China with no adjustment to the historical basis of their assets and liabilities. The Restructuring has been accounted for using the "as if" pooling method of accounting and the operations were consolidated as if the Restructuring had occurred as of the beginning of the earliest period presented and the current corporate structure had been in existence throughout the periods covered by these financial statements.

~~and~~- ~~the~~9 ~~period~~- ~~August 28, 2000 (Date of Inception) to September 30, 2009~~

CHINA INTERACTIVE EDUCATION, INC. (~~Stated~~PREVIOUSLY KNOWN inAS USFIND ~~Dollars~~THE WORLD INTERACTIVE, INC.) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE August 28, 2000 (Date of Nine Months ended Inception) to September 30, September 30, 2009 2008 2009 Cash flows used in operating activities Net loss for the period $ (6,693) $ (2~~,176)~~ $SUMMARIES ~~(97,128) Add~~OF ~~(deduct)~~SIGNIFICANT ~~items~~ACCOUNTING not affecting cash: Common shares for payables for expenses 33,413 Decrease (-) / Increase (+) in accounts payable (4,596) (12,837) 2,918 Cash used in operations (11,289) (15,013) (60,797) Cash flows from financing activities Advance payable 8,053 4,291 23,816 Common shares issued for cash - - 4,250 Advances from related parties 11,190 6,365 41,554 Cash from financing activities 19,243 10,656 69,620 Cumulative effect of foreign exchange (7,932) 3,791 (8,703) Increase in cash during the period 22 (576) 121 Cash, beginning of the period 100 567 - Cash, end of the period $ 121 $ - $ 121 Interest and taxes paid $0.00 $0.00 $0.00 POLICIES

5Basis of preparation and consolidation These interim condensed consolidated financial statements are unaudited. In the opinion of management, all adjustments and disclosures necessary for a fair presentation of these interim condensed consolidated financial statements have been included. The result reported in the condensed consolidated financial statements for any interim periods are not necessarily indicative of the results that may be reported for the entire year. The accompanying condensed consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission and do not include all information and footnotes necessary for a complete presentation of financial statements in conformity with accounting principles generally accepted in the United States. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying footnotes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2009.

~~FIND~~These ~~THE~~condensed ~~WORLD~~consolidated ~~INTERACTIVE~~financial ~~INC~~statements include the financial statements of CIE and its subsidiaries. All significant inter-company balances or transactions have been eliminated on consolidation.

(AResearch ~~Development~~and ~~Stage~~development ~~Company)~~expenses
Research and development costs are charged to expense when incurred.

~~INTERIM~~Advertising ~~STATEMENT~~and OFpromotion ~~STOCKHOLDERS’~~costs ~~DEFICIENCY~~
The Company expenses advertising and promotion costs as incurred. Advertising and promotion expenses charged to operations were $1,247,030 and $38,899 for the periods ended March 31, 2010 and 2009, respectively.

~~(Unaudited)~~Shipping and handling cost
Technological products sold by the Company are normally collected by customers at the Company’s premises. During the periods ended March 31, 2010 and 2009, shipping and handling costs were insignificant..

Foreign CurrencyThe Company uses the United States dollars (“U.S. Dollar” or “US$” or “$”) for financial reporting purposes. The PRC subsidiaries within the ~~period~~Company ~~August~~maintain 28their books and records in their functional currency, ~~2000~~Chinese Renminbi (~~Date~~“RMB”) ofand ~~Inception~~Hong Kong dollars (“HK$), tobeing ~~September~~the ~~30,~~lawful ~~2009~~currency in the PRC and Hong Kong. Assets and liabilities are translated into US Dollars using the applicable exchange rates prevailing at the balance sheet date. Items on the statement of operations are translated at average exchange rates during the reporting period. Equity accounts are translated at historical rates. Equity accounts are translated at historical rates. Adjustments resulting from the translation of the Company’s financial statements are recorded as accumulated other comprehensive income.

~~(Stated~~The exchange rates used to translate amounts in USRMB into U.S. Dollars) for the purposes of preparing the consolidated financial statements are based on the rates as published on the website of People’s Bank of China and are as follows:-

Deficit Accumulated Cumulative Additional During the Effect of Common Shares Paid-in Development Stage Foreign Exchange Number Par Value Capital Total Capital stock issued for services 20 $ 1 $ - $ - $ - $ 1 Net loss for the period - - - (72) - (72) Cumulative effect of foreign exchange - - - 1 1 Balance as at December 31, 2000 20 1 - (72) 1 (70) Net loss for the year - - - (280) - (280) Cumulative effect of foreign exchange - - - - 12 12 Balance as at December 31, 2001 20 1 - (352) 13 (338) Net loss for the year - - - (18,314) - (18,314) Cumulative effect of foreign exchange - - - - 82 82 Balance as at December 31, 2002 20 1 - (18,666) 95 (18,570) Net loss for the year - - - (5,584) - (5,584) Cumulative effect of foreign exchange - - - - (4,476) (4,476) Balance as at December 31, 2003 20 1 - (24,250) (4,381) (28,630) Net loss for the year - - - (38) - (38) Cumulative effect of foreign exchange - - - - (2,254) (2,254) Balance as at December 31, 2004 20 1 - (24,288) (6,635) (30,922)

	As of December 31, 2009	As of December 31, 2009
Balance sheet items, except for equity accounts	US$1=RMB6.8282	US$1=RMB6.8282
	US$1=HK$7.7805	US$1=HK$7.7805

	Period ended March 31,
	2010	2009
Items in the statements of income and cash flows	US$1=RMB6.8270	US$1=RMB6.8283
	US$1=HK$7.7746	US$1=HK$7.7417

~~Balance~~No asrepresentation atis ~~December~~made ~~31,~~that ~~2004 20 1 - (24,288) (6,635) (30,922) Shares~~the ~~issued~~RMB ~~for~~amounts ~~cash~~could athave ~~$0.001 per share 1~~been,~~800,000~~ ~~1,800 - - - 1,800 Shares~~or ~~issued~~could ~~for cash at $.10 per share 24~~be,~~500 24 2,426 2,450 Shares~~ ~~issued~~converted ~~for~~into ~~debt at $~~U.~~012~~S. ~~per~~dollars share 2,775,480 2,775 30,638 33,413 Net loss for the year - - - (6,667) - (6,667) Cumulative effect of foreign exchange - - - - (726) (726) Balance as at ~~December 31, 2005 4,600,000 4,600 33,064 (30,955) (7,361) (652) Net Loss for~~ the ~~year Cumulative~~above ~~effect~~rates. of foreign exchange - - - - - - (15,223) - - 459 (15,223) 459 Balance as at December 31, 2006 4,600,000 4,600 - - 4,600 33,064 - - 33,064 (46,178) (33,376) - (79,554) 4,600,000 - (5,246) (12,148) 4,600 (33,376) (5,246) (54,038) Net Loss for the year Cumulative effect of foreign exchange Balance as at December 31, 2007 - - 4,600,000 Net Loss for the year Cumulative effect of foreign exchange - - - - - - (10,881) - - 11,377 (10,881) 11,377 Balance as at December 31, 2008 4,600,000 $ 4,600 $ 33,064 $ (90,435) $ (771) $ (53,542) Net Loss for the period Cumulative effect of foreign exchange - - - - - - (6,693) - - (7,932) (6,693) (7,932) Balance as at September 30, 2009 4,600,000 $ 4,600 $ 33,064 $ (97,128) $ (8,703) $ (68,167)

7- 10 -

CHINA INTERACTIVE EDUCATION, INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(ANOTE 2 SUMMARIES ~~Development~~OF ~~Stage~~SIGNIFICANT ~~Company~~ACCOUNTING POLICIES (CONTINUED)

~~NOTES~~Foreign TOCurrency ~~THE~~- ~~INTERIM~~continued ~~FINANCIAL~~The ~~STATEMENTS~~value of RMB against U.S. dollars and other currencies may fluctuate and is affected by, among other things, changes in China’s political and economic conditions. Any significant revaluation of RMB may materially affect the Company’s financial condition in terms of U.S. dollar reporting.

Fair value ASC Topic 820, Fair Value Measurement and Disclosures, defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (~~Unaudited~~an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. This topic also establishes a fair value hierarchy which requires classification based on observable and unobservable inputs when measuring fair value. There are three levels of inputs that may be used to measure fair value:

September 30, 2009

Level 1 -	Quoted prices in active markets for identical assets or liabilities.

Level 2 -	Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 -	Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

~~(Stated~~The incarrying USvalues ~~Dollars)~~of cash and cash equivalents, trade and other receivables and payables, and short-term debts approximate fair values due to their short maturities.

~~Note~~There 1were no assets and liabilities measured at fair value on a nonrecurring basis as of December 31, 2009 and 2008.

~~Organization~~Recent accounting pronouncementsIn June 2009, the ~~Business~~FASB established the FASB Accounting Standards CodificationTM (ASC) as the single source of authoritative U.S generally accepted accounting principles (GAAP) recognized by the FASB to be applied to nongovernmental entities. Rules and ~~Basis~~interpretive releases of ~~Presentation~~the Securities and Exchange Commission (“SEC”) under authority of federal securities laws are also sources of authoritative GAAP for SEC registrants. The ASC superseded all previously existing non-SEC accounting and reporting standards, and any prior sources of U.S. GAAP not included in the ASC or grandfathered are not authoritative. New accounting standards issued subsequent to June 30, 2009 are communicated by the FASB through Accounting Standards Updates (ASUs). The ASC did not change current U.S. GAAP but changes the approach by referencing authoritative literature by topic (each a “Topic”) rather than by type of standard. The ASC has been effective for the Company effective July 1, 2009. Adoption of the ASC did not have a material impact on the Company’s Consolidated Financial Statements, but references in the Company’s Notes to Consolidated Financial Statements to former FASB positions, statements, interpretations, opinions, bulletins or other pronouncements are now presented as references to the corresponding Topic in the ASC.

~~Find~~Effective January 1, 2009, the ~~World~~first ~~Interactive~~day ~~Inc.~~of ~~(the~~fiscal “2009, the Company”) ~~was~~adopted ~~incorporated~~FASB inASC ~~the~~350-30 ~~State~~and ofASC ~~Delaware,~~275-10-50 ~~United~~(formerly ~~States~~FSP ofFAS ~~America~~142-3, Determination onof ~~August~~the 28Useful Life of Intangible Assets), ~~2000~~which ~~for~~amends the factors ~~purpose~~that ofshould ~~developing~~be ~~online~~considered ~~internet~~in ~~community~~developing ~~portals.~~renewal ~~During~~or ~~the~~extension ~~first~~assumptions used 3to ~~quarters~~determine ofthe ~~fiscal~~useful ~~2009,~~life ~~the~~of ~~Company~~a ~~had~~recognized ~~only~~intangible ~~nominal~~asset ~~business~~under ~~activity~~SFAS No. In142, ~~addition~~Goodwill toand ~~the~~Other ~~internet~~Intangible ~~community~~Assets. ~~portal,~~The ~~management~~Company iswill ~~considering~~apply ~~other~~ASC 350-30 ~~business~~and ~~ventures~~ASC ~~including~~275-10-50 ~~those~~prospectively into ~~the~~intangible ~~nature~~assets ofacquired asubsequent to ~~public~~the ~~shell~~adoption ~~corporation~~date. The ~~Company~~adoption isof inthese ~~the~~revised ~~development~~provisions ~~stage~~had ~~and~~no ~~has~~impact ~~December~~on the 31Company’s ~~year~~Consolidated ~~end~~Financial Statements.

~~The~~Effective ~~unaudited~~January ~~condensed~~1, ~~consolidated~~2009, ~~financial~~the ~~statements~~Company ~~have~~adopted ~~been~~FASB ~~prepared~~ASC 815-10-65 in(formerly ~~accordance~~SFAS ~~with~~161, ~~accounting~~Disclosures ~~principles~~about ~~generally~~Derivative ~~accepted~~Instruments inand Hedging ~~the~~Activities), ~~United~~which ~~States~~amends ~~(“U.S. GAAP”)~~and ~~for~~expands ~~interim~~previously ~~financial~~existing ~~information~~guidance on ~~and~~derivative ~~the~~instruments ~~instructions~~ to ~~Form 10-Q~~require ~~under~~tabular ~~the~~disclosure ~~Securities~~of ~~Exchange~~the ~~Act~~fair value of derivative ~~1934,~~instruments asand ~~amended~~their ~~(the~~gains ~~“Exchange~~and ~~Act”)~~losses., ~~and~~This ~~Article 10~~ASC ofalso ~~Regulation S-X~~requires disclosure ~~under~~regarding the ~~Exchange~~credit-risk ~~Act. Accordingly,~~related ~~they~~contingent dofeatures ~~not~~in ~~include~~derivative agreements, ~~all~~counterparty ofcredit ~~the~~risk, ~~information~~and strategies and ~~footnotes~~objectives ~~required~~for byusing derivative Uinstruments.~~S. GAAP~~ ~~for~~The ~~complete~~adoption ~~financial~~of ~~statements~~this ASC did not have a material impact on the Company’s Consolidated Financial Statements.

However, except as disclosed herein, there has been no material changes in the information disclosed in the notes to the financial statements for the year ended December 31, 2008 included in the Company's Form 10-K ~~filed~~11 ~~with the Securities and Exchange Commission. The interim unaudited financial statements should be read in conjunction with those financial statements included in the Form 10~~-K. In the opinion of Management, all adjustments considered necessary for a fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the period ended September 30, 2009 are not necessarily indicative of the results that may be expected for the year ending December 31, 2008.

~~Note~~CHINA 2INTERACTIVE EDUCATION, INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~Summary of Significant Accounting Policies~~NOTE 3 INVENTORIES

The following summary of significant accounting policies of the Company is presented to assist in understanding the financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the Unites States of America and have been consistently applied in the preparation of the financial statements.

		March 31,		December 31,
		2010		2009


Raw materials	$	1,142,674	$	566,125
Work in progress		418,773		246,152
Finished goods		729,254		340,088

Total	$	2,290,701		1,152,365

~~Use~~NOTE 4 OTHER ofCURRENT ~~Estimates~~ASSETS

Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates, which may have been made using careful judgment. Actual results may vary from these estimates. Significant estimate include the valuation of common shares issued to officers and directors during 2005.

		March 31,		December 31,
		2010		2009


Advance to suppliers	$	1,045,253	$	536,368
Deposits and prepayment		53,598		67,268
Other receivables		72,614		52,600

Total	$	1,171,525		656,236

~~Basis~~- of12 ~~Presentation~~- ~~– Going Concern~~

~~These~~CHINA ~~financial~~INTERACTIVE ~~statements have been prepared in accordance with generally accepted accounting principles in the United States applicable to a going concern~~EDUCATION, ~~which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year~~INC. At(PREVIOUSLY KNOWN ~~September~~AS ~~30,~~FIND ~~2009,~~THE ~~the~~WORLD ~~Company had not yet achieved profitable operations~~INTERACTIVE, ~~has~~INC.) ~~significant~~NOTES ~~accumulated~~TO ~~losses~~CONDENSED CONSOLIDATED ~~and~~FINANCIAL ~~working~~STATEMENTS ~~capital deficiencies, and expects to incur further losses in the development of its business, all of which casts substantial doubt about the Company’s ability to continue as a going concern.~~

8NOTE 5 PROPERTY, PLANT AND EQUIPMENT, NET

Note 2

		March 31,			December 31,
		2010			2009


Furniture, fixtures and equipment	$	59,058			59,058
Leasehold improvement		132,479			132,479
Motor vehicles		213,444			151,729
Moulds		41,896			41,896
Plant and machinery		56,686			56,686

Total cost		503,734			441,848
Less: Accumulated depreciation and amortization		(62,402	)		(38,951	)

Net	$	441,332		$	402,897

~~Summary~~Depreciation ofexpenses ~~Significant~~in ~~Accounting~~aggregate ~~Policies~~for –the ~~(cont’d)~~years ended December 31, 2009 and 2008 were $32,413 and $6,518 respectively.

~~The~~NOTE 6 INTANGIBLE ~~Company’s~~ASSETS ability to continue as a going concern is dependent upon raising sufficient funds in the short term to meet its existing obligations and pay its business liabilities as they arise, and to generate profitable operations in the future.

Management’s plans to address these concerns include continuing to obtain additional funds from related parties borrowings and through issuing its common shares equity, and pursuing its plan to become profitable through following its business plan in establishing online community internet portals.

		March 31,			December 31,
		2010			2009


Exclusive rights to computer programming technology	$	1,096,248		$	1,096,361
Software		3,223
Less: Accumulated amortization		(569,769	)		(514,757	)

Net	$	529,702			581,604

~~There~~Each isof nothe ~~assurance~~exclusive rights has a term of ~~additional~~five ~~funding~~years ~~being~~and relates ~~available~~to ~~through~~a ~~these~~computer ~~means~~programming ortechnology under several patents based on which the ~~establishment~~Company ofdevelops ~~profitable~~its ~~operations~~electronic products. These exclusive rights were acquired from Mr. Chen Ruofei and Mr. Zhou Yi, which is described in more details in Note 8(c).

~~Realization~~Amortization ~~values~~expenses ~~may~~for ~~be substantially different from carrying values as shown. Adjustments have not been made that would be necessary to~~ the ~~carrying~~periods ~~values~~ended ~~and~~March ~~classification~~31, of2010 ~~assets~~ and 2009 ~~liabilities~~were ~~should the Company be unable to continue as a going concern~~$54,827 ~~which,~~and ~~if made~~$54,817 ~~would have an adverse impact on the Company’s financial condition~~respectively.

~~Development~~- ~~Stage~~13 ~~Company~~-

~~The~~CHINA ~~Company~~INTERACTIVE ~~has~~EDUCATION, ~~not~~INC. ~~generated~~(PREVIOUSLY KNOWN ~~significant~~AS ~~revenues~~FIND ~~from~~THE ~~operations~~WORLD ~~and~~INTERACTIVE, ~~is therefore considered to be a development stage company as defined in Statement of Financial Accounting Standards (“FAS”~~INC.) ~~No.~~NOTES ~~7. As~~TO aCONDENSED CONSOLIDATED ~~result,~~FINANCIAL ~~cumulative~~STATEMENTS ~~amounts for the statements of operations and cash flows are included from the date of inception, August 28, 2000.~~

~~Revenue~~NOTE 7 INCOME ~~Recognition~~TAXES

~~The Company recognizes revenue when it is earned~~MENQ, abeing ~~contract~~incorporated ~~exists,~~the ~~services~~British ~~have~~Virgin ~~been~~Islands ~~provided and collection~~ ("BVI") is ~~reasonably~~not ~~assured. On~~subject ~~service contracts having a term greater than one year, revenue is considered~~ to beany ~~earned~~income ~~evenly~~tax ~~over~~in the ~~life of the contract~~BVI.

~~Provision~~Wisegate ~~for~~being ~~Taxes~~incorporated in the British Virgin Islands ("BVI") is not subject to any income tax in the BVI.

~~Income~~MenQ ~~taxes~~HK ~~are~~and ~~provided~~Clever ~~for~~Aim ~~based~~being onHong ~~the~~Kong-incorporated ~~liability method of accounting pursuant to Statement of Financial Accounting Standards No. 109 "Accounting for Income Taxes". Under this approach, deferred income taxes~~ companies are ~~recorded~~subject to ~~reflect~~Hong ~~the~~Kong ~~tax~~profits ~~consequences in future years of differences between the~~ tax ~~basis of assets and liabilities and their financial reporting amounts~~ at ~~each year-end~~16. A5% ~~valuation~~on ~~allowance~~its isincome ~~recorded~~generated ~~against~~from ~~deferred~~Hong Kong ~~tax~~for ~~assets since management cannot determine that~~ the ~~Company~~three ~~has~~months ~~met~~ended ~~the~~March ~~"more~~31, ~~likely~~2010 ~~than~~and ~~not"~~2009, ~~standard imposed by SFAS No~~respectively. ~~109 to allow recognition of such as asset.~~

~~Basic~~MenQ ~~Loss~~China ~~Per~~being ~~Share~~a PRC-registered company is subject to PRC income tax at 25% on its income generated from PRC for the three months ended March 31, 2010 and 2009, respectively.

~~Basic~~The ~~loss~~Company’s ~~per~~income ~~share~~tax isexpense ~~computed~~consisted ~~using the weighted average number~~ of ~~shares outstanding during the periods.~~ :

Fair Value of Financial Instruments

		Period ended
		March 31,
		2010		2009


Current	$	-	$	287,730
Deferred		-		-

	$	-	$	287,730

~~The~~A ~~carrying~~reconciliation ~~values~~ of the ~~Company’s~~provision ~~financial~~for ~~instruments,~~income ~~consisting~~taxes ofdetermined at ~~cash,~~the ~~accounts~~US ~~payable,~~statutory ~~and~~corporate ~~due~~income totax ~~related~~rate ~~parties approximate their fair values due~~ to the ~~short-term maturity of such instruments. It is management~~Company’s ~~opinion~~effective ~~that~~income tax ~~the~~rate ~~Company~~ is ~~not~~as ~~exposed to significant interest, currency or credit risks arising from these financial instruments.~~follows:

		Period ended
		March 31,
		2010			2009


Pre-tax (loss) income	$	(285,012	)	$	1,638,759
US statutory rate		35%			35%
Income tax expense computed at U.S. federal rate		-
Reconciling items:
Rate differential for domestic earnings
Non-deductible expenses
PRC tax concession on non-resident enterprises without permanent establishment in the PRC
Others

Effective tax expense	$	-		$	287,730

~~Note~~- 214 -

~~Summary~~CHINA ofINTERACTIVE ~~Significant~~EDUCATION, ~~Accounting~~INC. ~~Policies~~(PREVIOUSLY KNOWN –AS ~~(cont’d~~FIND THE WORLD INTERACTIVE, INC.) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

~~Foreign~~NOTE 8 STOCKHOLDER’S ~~Currency~~EQUITY ~~Translation~~

~~The~~On ~~Company’s~~December ~~functional~~11, ~~currency~~2009, iswhich inwas ~~Canadian~~the ~~dollars~~date ~~as substantially all~~ of the ~~Company’s~~Share ~~operations~~Exchange as ~~are~~set out in ~~Canada. The~~Note 1, the Company ~~uses~~issued ~~the~~60,400,000 ~~United~~shares ~~States~~of ~~dollar~~the asCompany, ~~its~~to the ~~reporting~~sole ~~currency~~shareholder of MenQ in ~~accordance~~exchange ~~with~~for all the ~~FAS~~issued ~~No.~~and 52outstanding shares ~~“Foreign~~of ~~Currency Translation”~~MenQ.

~~Assets~~NOTE 9 STATUTORY ~~and~~RESERVES ~~liabilities denominated in a foreign currency are translated at the exchange rate in effect at the period-end and capital accounts are translated at historical rates.~~

~~Income~~In ~~statement~~accordance ~~accounts~~with ~~are~~the ~~translated~~PRC atCompanies Law, the ~~average~~Company’s ~~rates~~PRC subsidiaries were required to transfer 10% of ~~exchange~~their ~~prevailing~~profits ~~during~~after ~~the~~tax, ~~period. Translation~~as determined ~~adjustments~~in ~~from~~accordance with accounting standards and regulations of the ~~use~~PRC, to the statutory surplus reserve and a percentage of ~~different~~not ~~exchange~~less ~~rates~~than ~~from~~5%, ~~period~~as determined by management, of the profits after tax to ~~period~~the ~~are~~public ~~included~~welfare fund. With the amendment of the PRC Companies Law which was effective from January 1, 2006, enterprises in the ~~cumulative~~PRC ~~effect~~were no longer required to transfer any profit to the public welfare fund. Any balance of ~~foreign~~public ~~exchange~~welfare ~~account~~fund inbrought ~~Stockholder’s~~forward ~~Deficiency~~from December 31, 2005 should be transferred to the statutory surplus reserve. The statutory surplus reserve is non-distributable.

~~Transactions~~NOTE 11 EARNING PER ~~undertaken~~SHARE in currencies other than the functional currency of the Company are translated using the exchange rate in effect as of the transaction date. Any exchange gains and losses are included in the Statement of Operations.

~~Recent~~Basic ~~Accounting~~earnings ~~Pronouncements~~per common share is computed by dividing income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted income per common share is computed similarly to basic income per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.

~~Management~~All ~~does~~per ~~not~~share ~~believe~~data ~~that~~including ~~there~~earnings ~~are~~per ~~any~~share ~~recently~~(EPS) has been retroactively restated to reflect the reverse acquisition on December 11, 2009 whereby the 60,400,000 shares of common stock issued ~~accounting~~by ~~pronouncements~~the ~~but~~Company ~~not~~(nominal acquirer) ~~yet~~to ~~effective~~the ~~accounting~~shareholder ~~standards~~of ~~that~~CIE ~~could~~(nominal ~~have~~acquiree) aare ~~material~~deemed ~~effect~~to onbe the number ~~accompanying~~of ~~financial~~shares ~~statements~~outstanding for the period prior to the reverse acquisition. For the period after the reverse acquisition, the number of shares considered to be outstanding is the actual number of shares outstanding during that period.

~~Reclassifications~~The following table is a reconciliation of the net income and the weighted average shares used in the computation of basic and diluted earnings per share for the periods presented:

Certain amounts from prior periods have been reclassified to conform to the current period presentation. This reclassification has not affected the Company's accumulated deficit or net losses presented.

		Period ended
		March 31,
		2010			2009

Net (loss) income	$	(298,993	)	$	1,351,029

Weighted average number of shares Basic and diluted		65,000,000			60,400,000

Net (loss) income per share Basic and diluted	$	(0.005	)	$	0.0224

~~Cash~~- ~~and~~15 ~~Cash~~- ~~Equivalents~~

~~Cash~~CHINA ~~and~~INTERACTIVE ~~liquid~~EDUCATION, ~~debt~~INC. ~~instruments~~(PREVIOUSLY KNOWN ~~purchased~~AS ~~with~~FIND aTHE ~~remaining~~WORLD ~~maturity~~INTERACTIVE, ofINC.) ~~Nine~~NOTES ~~months~~TO orCONDENSED CONSOLIDATED ~~less~~FINANCIAL ~~are~~STATEMENTS ~~considered cash for financial reporting purposes.~~

~~Note~~NOTE 12 RELATED PARTY 3TRANSACTIONS

~~Related~~(a) ~~Party~~Outstanding ~~Transactions~~balances

Amounts due to related parties consist of advances from a director and a significant stockholder, are unsecured, non-interest bearing and have no specific terms for repayment. During 2007, the Company sold the internet portal the Company had developed called www.findwhistler.com in Whistler, British Columbia, Canada, to a related party. There were no revenues or expenses associated with the sale. This internet portal was not carried as an asset for financial reporting purposes..

			March 31,		December 31,
			2010		2009
Amount due to a directors:
- Mr. Chen Ruofei (b), director of Wisegate	(a)	$	322,159	$	255,318
- Mr. Chen Tiannam (b), Chairman of CIE	(a)		626,018		1,037,266
			964,829		1,292,584

Note 4

(a)	The amounts are unsecured, non-interest bearing and without fixed repayment term.
(b)	Mr. Chan Ruofei and Mr. Chen Tiannamis are also two of the major shareholders of Future Billion (see Note 1 for further details).

~~Advance~~NOTE 13 COMMITMENTS AND ~~Payable~~CONTINGENCIES

~~The~~Operating ~~Advanced~~Leases ~~payable~~Commitments isas ~~unsecured,~~of ~~non-interest~~March ~~bearing~~31, ~~demand~~2010 ~~loan.~~

~~Note~~In 5 the normal course of business, the Company entered into operating lease agreements to rent office space. The Company was obligated under operating leases requiring minimum rentals as of March 31, 2010 as follows:

Net Operating Loss Carryforward

Payable within:
- 2010	$	73,523
- 2011		45,972
- 2012		13,409

Total minimum lease payments	$	132,904

AtDuring ~~September 30, 2009,~~ the ~~Company~~period ~~had~~ended anMarch ~~estimated net operating loss (NOL) carryforward of approximately $82,000, an increase in Management’s December~~ 31, ~~2008~~2010 ~~estimate, adjusted for certain related party payables~~ and ~~certain other non deductible items available to reduce future taxable income~~2009, ifrental expenses ~~any.~~under ~~The~~operating ~~NOL~~leases ~~carryforward~~amounted ~~begins~~ to ~~expire in 2020~~$7,664 and ~~fully~~$8,416, ~~expires in 2024~~respectively. Because management is unable to determine that it is more likely than not that the Company will realize the tax benefit related to the NOL carryforward (by having taxable income) a valuation allowance has been established at the balance sheet date to reduce the tax benefit asset value to zero.

10- 16 -

~~RISK~~CHINA ~~FACTORS~~INTERACTIVE EDUCATION, INC. (PREVIOUSLY KNOWN AS FIND THE WORLD INTERACTIVE, INC.) NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AnNOTE 14 CONCENTRATION OF ~~investment~~RISKS in our common stock involves a number of very significant risks. You should carefully consider the following risks and uncertainties in addition to other information in this prospectus in evaluating our company and our business before purchasing shares of our company's common stock. Our business, operating results and financial condition could be seriously harmed due to any of the following risks. You could lose all or part of your investment due to any of these risks.

~~RISKS~~Credit ~~RELATED~~risk ~~TO OUR BUSINESS~~

~~Our~~As ~~ability~~of toMarch ~~implement~~31, ~~our~~2010 ~~business~~and ~~strategy~~December 31, 2009, 100% of the Company’s cash included cash on hand and ~~achieve~~deposits in accounts maintained within the ~~intended~~PRC ~~operating~~and ~~results~~Hong Kong where there is ~~subject~~currently tono arule ~~number~~or ofregulation ~~risk~~in ~~and~~place for ~~uncertainties,~~obligatory ~~including~~insurance to cover bank deposits in the ~~ones~~event ~~identified~~of ~~below~~bank failure. However, ~~and~~the ~~additional~~Company ~~risks~~has not ~~currently~~experienced ~~known~~any losses in such accounts and believes it is not exposed to usany orsignificant ~~that~~risks weon ~~currently~~its ~~believe~~cash ~~are~~in ~~immaterial~~bank accounts.

WEExcept ~~LACK~~for ANa ~~OPERATING~~single ~~HISTORY~~external ~~AND~~customer ~~HAVE~~who ~~LOSSES~~accounted ~~WHICH~~for WE99%, ~~EXPECT~~of the TOCompany’s ~~CONTINUE~~revenue ~~INTO~~for ~~THE~~the ~~FUTURE~~year ~~WHICH~~ended ~~CAN~~March ~~LEAD~~31, TO2010, ~~THE~~there ~~FAILURE~~was OFno ~~OUR~~other single ~~BUSINESS~~customer who accounted for more than 10% of the Company’s revenue for the periods ended March 31, 2010 and 2009.

~~Our~~Currency ~~date~~convertibility of incorporation is August 28, 2000 and we have had minimal revenues of $5,253 and nominal operations to date. Our Cumulative net loss has increased from $90,435 (since inception to December 31, 2008) to $97,128 (since inception to September 30, 2009). The Company does not have adequate funding to allow us to continue our operations in full and expand our markets. We will continue to incur losses in the future and there is no assurance that we will generate significant revenues or become profitable.risk

~~OUR~~Substantially ~~AUDITOR~~all ~~HAS~~of ~~EXPRESSED~~the ~~SUBSTANTIAL~~Company’s ~~DOUBT~~businesses ASare TOtransacted ~~OUR~~in RMB, ~~ABILITY~~which TOis ~~CONTINUE~~not ASfreely Aconvertible ~~GOING~~into ~~CONCERN~~foreign currencies. All foreign exchange transactions take place either through the People’s Bank of China or other banks authorized to buy and sell foreign currencies at the exchange rates quoted by the People’s Bank of China. Approval of foreign currency payments by the People’s Bank of China or other regulatory institutions requires submitting a payment application form together with suppliers’ invoices, shipping documents and signed contracts. These requirements imposed by the PRC government authorities may restrict the ability of the Company’s PRC subsidiaries to transfer funds to the parent through loans, advances or cash dividends.

The Company’s ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. NOTE 15 SEGMENT DATA

~~Based~~The onCompany ~~our~~believes ~~financial history since inception, our auditor has expressed substantial doubt as to our ability to continue as a going concern. We are a development stage company~~ that ~~has~~throughout ~~generated~~the ~~limited~~years ~~revenues.~~ended WeMarch ~~have only generated $5~~31,~~253~~ 2010 ~~in revenues~~ and ~~a net loss since inception of $90~~2009,~~435~~ asit atoperated ~~December~~in ~~31,~~one ~~2008.~~operating Ifsegment we– ~~cannot~~development ~~generate~~and ~~sufficient sales from the~~ sale of electronic ~~our~~ products, webased ~~may~~on ~~not~~a becomputer ~~able~~programming ~~to implement our business plan and may be forced to cease our business activities~~technology.

WEThe ~~HAVE~~following Atable ~~LIMITED~~sets ~~OPERATING~~out ~~HISTORY~~the ~~THAT~~analysis ~~YOU~~of ~~CAN~~the ~~USE~~Company’s revenue TOby ~~EVALUATE~~products ~~US,~~and ~~AND THE LIKELIHOOD OF OUR SUCCESS MUST BE CONSIDERED IN LIGHT OF THE PROBLEMS, EXPENSES, DIFFICULTIES, COMPLICATIONS AND DELAYS FREQUENTLY ENCOUNTERED BY A SMALL DEVELOPING COMPANY~~services.

We have no significant assets or financial resources. The likelihood of our success must be considered in light of the problems, expenses, difficulties, complications and delays frequently encountered by a small developing company starting a new business enterprise and the highly competitive environment in which we will operate. Since we have a limited operating history of marketing our services to the public over the Internet, we cannot assure you that our business will be profitable or that we will ever generate sufficient revenues to meet our expenses and support our anticipated activities.

		Period ended
		March 31,
		2010		2009

Revenue from external customers:
Licensing of patent and related technology development services	$	-	$	2,877,302
Electronic learning products		3,531,698		-
Other electronic products		41,291		285,102

Total	$	3,572,989	$	3,162,404

~~THE~~The ~~FACT~~following ~~THAT~~table WEsets ~~HAVE~~out ~~ONLY~~the ~~GENERATED~~analysis ~~LIMITED~~of ~~REVENUES~~the ~~SINCE OUR INCORPORATION RAISES SUBSTANTIAL DOUBT ABOUT OUR ABILITY TO CONTINUE AS A GOING CONCERN, AS INDICATED IN OUR INDEPENDENT AUDITORS~~Company’s revenue ~~REPORT~~by INcustomers ~~CONNECTION~~located ~~WITH~~in ~~CONSOLIDATED~~different ~~FINANCIAL~~geographical ~~STATEMENTS~~areas.

We have generated limited revenues of $5,253 since our inception on August 28, 2000 and we have had minimal revenues over the past six years. Since we are still in the early stages of developing our company and because of the lack of operating history at December 31, 2008, our independent auditors’ report includes an explanatory paragraph about our ability to continue as a going concern.

		Period ended
		March 31,
		2010		2009

Revenue from external customers:
PRC	$	3,531,698	$	2,877,302
Other countries, less than 5% of the total revenue		41,291		285,102

Total		3,572,989	$	3,162,404

11- 17 -

WeITEM ~~will, in all likelihood, continue to incur operating expenses without significant revenues until our products and service gain significant popularity~~2. We will not be able to expand our operations beyond current levels without generating significant revenues from our current operations or obtaining further financing. Our primary source of funds has been the sale of our common stock. We cannot assure that we will be able to generate enough interest in the sale and development of our community portals. If we cannot attract a significant customer base, we will not be able to generate any significant revenues or income. In addition, if we are unable to establish and generate material revenues, or obtain adequate future financing, our business will fail and you may lose some or all of your investment in our common stock. These circumstances raise substantial doubt about our ability to continue as a going concern as described in an explanatory paragraph to our independent auditorsMANAGEMENT’S ~~report~~DISCUSSION onAND ~~the~~ANALYSIS ~~financial~~OF ~~statements~~FINANCIAL ~~for~~CONDITION ~~the~~AND ~~year~~RESULTS ~~end~~OF ~~December 31, 2008~~OPERATIONS.

WEForward ~~WILL~~Looking REQUIRE FINANCING TO ACHIEVE OUR CURRENT BUSINESS STRATEGY AND OUR INABILITY TO OBTAIN SUCH FINANCING COULD PROHIBIT US FROM EXECUTING OUR BUSINESS PLAN AND CAUSE US TO SLOW DOWN OUR EXPANSION OF OPERATIONS.Statements

In addition to historical information, this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We use words such as “believe,” “expect,” “anticipate,” “project,” “target,” “plan,” “optimistic,” “intend,” “aim,” “will” ~~need~~or similar expressions which are intended to ~~raise~~identify ~~additional~~forward-looking ~~funds~~statements. ~~through~~Such ~~public~~statements include, oramong ~~private~~others, ~~debt~~those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of sales, earnings, revenue, margins or ~~sale~~other financial items; any statements of ~~equity~~the plans, tostrategies ~~achieve~~and ~~our~~objectives ~~current~~of ~~business~~management ~~strategy.~~for ~~Such~~future ~~financing~~operations; ~~may~~any statements ~~not~~regarding befuture ~~available~~economic ~~when~~conditions ~~needed.~~or ~~Even~~performance; ifuncertainties related ~~such~~to ~~financing~~conducting isbusiness ~~available~~in China, itas ~~may~~well beas onall ~~terms~~assumptions, expectations, predictions, intentions or beliefs about future events. You are cautioned that any such forward-looking statements are ~~materially~~not ~~adverse~~guarantees toof ~~your~~future performance ~~interests~~and ~~with~~involve ~~respect~~risks toand ~~dilution~~uncertainties, ofincluding ~~book~~those ~~value~~identified in Item 1A, ~~dividend~~“Risk ~~preferences~~Factors” described in our Annual Report on Form 10-K for our fiscal year ended December 31, ~~liquidation~~2009, ~~preferences~~as well as assumptions, which, if they were to ever materialize or ~~other~~prove ~~terms.~~incorrect, ~~Our~~could ~~capital~~cause ~~requirements~~the results of the Company to ~~implement~~differ ~~our~~materially ~~business~~from ~~strategy~~those ~~will~~expressed beor ~~significant.~~implied by such forward-looking statements.

WeReaders ~~estimate~~are ~~that~~urged weto ~~will~~carefully ~~need~~review ~~from~~and ~~$22,500~~consider ~~(see~~the ~~Management’s~~various disclosures ~~Discussion~~made ~~and~~by ~~Analysis~~us orin ~~Results~~this ofreport ~~Operations)~~and toour ~~continue~~other ~~operations~~filings ~~over~~with the ~~next~~SEC. ~~twelve~~These reports ~~months~~attempt ~~in order~~ to ~~implement~~advise ~~our~~interested ~~strategy.~~parties Noof ~~assurance~~the ~~can~~risks beand ~~given~~factors that ~~the~~may affect ~~additional~~our ~~funds~~business, ~~required~~financial tocondition ~~significantly~~and ~~expand~~results ~~our~~of operations ~~will~~and prospects. beThe ~~available~~forward-looking ~~or,~~statements ifmade ~~available,~~in ~~will~~this bereport onspeak ~~commercially~~only ~~reasonable~~as ~~terms~~of the ~~satisfactory~~date tohereof ~~us.~~and ~~There~~we ~~can~~disclaim beany noobligation, ~~assurance~~except ~~that~~as werequired ~~will~~by belaw, ~~able~~ to provide ~~obtain~~updates, ~~financing~~revisions ifor ~~and~~amendments ~~when~~to itany isforward-looking ~~needed~~statements onto reflect ~~terms~~changes wein ~~deem~~our ~~acceptable~~expectations or future events.

IfUse weof ~~are~~Certain ~~unable~~Defined toTerms obtain financing on reasonable terms, we could be forced to delay or scale back our plans for expansion. In addition, such inability to obtain financing on reasonable terms could have a material adverse effect on our business, operating results, or financial condition.

WEExcept ~~WILL~~as ~~REQUIRE~~otherwise ~~ADDITIONAL~~indicated ~~FINANCING~~by ~~WHICH~~the ~~MAY~~context, ~~REQUIRE~~references ~~THE~~in this ~~ISSUANCE~~report OFto ~~ADDITIONAL~~(i) ~~SHARES~~the ~~WHICH~~"Company," ~~WOULD~~"we," ~~DILUTE~~"us," ~~THE~~and ~~OWNERSHIP~~"our" ~~HELD~~are BYto ~~OUR~~the ~~SHAREHOLDERS~~combined business of China Interactive Education, Inc., a Nevada corporation, and its consolidated subsidiaries; (ii) "MenQ BVI" are to MenQ Technology Group Limited, a BVI limited company; (iii) "Wisegate" are to Wisegate International Limited, a BVI limited company; (iv) "MenQ HK" are to MenQ International Limited, a Hong Kong limited company; (v) "Clever Aim" are to Clever Aim Development Limited, a Hong Kong limited company; (vi) "MenQ China" are to MenQ Technology Limited, a PRC limited company; (vii) "SEC" are to the United States Securities and Exchange Commission; (viii) "Securities Act" are to Securities Act of 1933, as amended; (ix) "Exchange Act" are to the Securities Exchange Act of 1934, as amended; (x) "PRC" and "China" are to People’s Republic of China excluding Hong Kong, Macao, and Taiwan; (xi) "Hong Kong" are to the Hong Kong Special Administrative Region of the People’s Republic of China; (xii) "Renminbi" and "RMB" are to the legal currency of China; and (xiii) "U.S. dollar," "$" and "US$" are to United States dollars.

WeOverview ~~will need to raise funds through either debt or sale~~ of ~~our~~Our shares in order to achieve our business goals. Although there are no present plans, agreements, commitments or undertakings with respect to the sale of additional shares or securities convertible into any such shares by us, any shares issued would further dilute the percentage ownership held by the stockholders. Business

~~OUR~~Through ~~FUTURE~~our ~~SUCCESS~~Hong ISKong ~~DEPENDENT~~and PRC subsidiaries, INwe ~~PART~~are an education solutions company that provides new era educational concepts, ONequipment ~~THE~~and products ~~PERFORMANCE~~to ~~AND~~educational ~~CONTINUED~~institutions ~~SERVICE~~including OFelementary, ~~GORDON~~middle ~~CLAYTON~~and high schools, ~~OUR~~professional ~~SOLE~~training ~~OFFICER~~schools, ~~AND~~and ~~DIRECTOR~~to individual students in China. ~~WITHOUT~~We were ~~HIS~~organized ~~CONTINUED~~to ~~SERVICE~~meet what we believe is an unmet need for educational resources throughout the PRC. Based on the PRC government’s statistical yearbook for 2007, WEthe ~~MAY~~government BEinvests ~~FORCED~~more TOthan ~~INTERRUPT~~$104 ORbillion ~~EVENTUALLY~~on ~~CEASE~~education ~~OUR~~each year. ~~OPERATIONS~~However, just as economic development is not even throughout the PRC, there is an uneven allocation of educational resources in the PRC. In general, only students who pass the numerous national examinations, which are given at various stages of the educational process, can obtain better educational opportunities at a higher level. We believe that this examination-oriented education has created a market for products to improve the efficiency and performance of students and teachers.

WeOur ~~are~~principal ~~presently~~businesses ~~dependent~~include to(1) athe ~~great~~provision ~~extent~~of ~~upon~~new ~~the~~era e-classroom ~~experience,~~and ~~abilities~~e-library ~~and~~solutions, ~~continued~~(2) ~~services~~the distribution of ~~Gordon~~computer ~~Clayton,~~based ~~our~~ELPs embedded ~~sole~~with ~~officer~~Beijing ~~and~~Normal ~~director.~~University’s ~~The~~educational ~~loss~~materials ofin ~~his~~computer programs ~~services~~and ~~could~~with ~~have~~self adeveloped ~~material~~wireless ~~adverse~~technology ~~effect~~and on(3) ~~our~~the ~~business,~~design ~~financial~~and manufacture ~~condition~~of orGPS ~~results~~products ofvia ~~operation~~ODMs and OEMs based on self-developed technology.

~~OUR~~On ~~SUCCESS~~May ~~DEPENDS~~20, ~~UPON~~2009, ~~OUR~~we ~~ABILITY~~entered TOinto ~~ATTRACT~~a ~~AND~~three-year ~~HIRE~~partnership agreement ~~KEY~~with ~~PERSONNEL~~Beijing Normal University, one of the top teaching universities in China with a 100-year history. ~~OUR~~Under ~~INABILITY~~this TOjoint ~~HIRE~~strategic ~~QUALIFIED~~partnership, ~~INDIVIDUALS~~we cooperate ~~WILL~~in ~~NEGATIVELY~~the ~~AFFECT~~development ~~OUR~~of ~~BUSINESS~~various aspects of IT applied in education. As a result of this collaboration, ~~AND~~we WEfounded ~~WILL~~the ~~NOT~~IT BEApplied ~~ABLE~~in TOEducation ~~IMPLEMENT~~Institute ORin ~~EXPAND~~May, ~~OUR~~2009 ~~BUSINESS~~to conduct ~~PLAN~~joint research and development of cutting edge interactive education methodologies and content, applying computer and internet technologies for use in education. The IT Applied in Education Institute focuses on the computerization of education systems and the digitization of supplemental study systems, including, but not limited to: (a) cost effective mini intelligent terminals and software suitable for access of high-speed 3G wireless networks; (b) terminals with embedded educational software platforms; (c) virtual experiment labs and sensor-based lab networks; and (d) specific internet service platforms for teachers and students. Under the partnership agreement, Beijing Normal University has authorized us to exclusively promote and distribute our jointly researched and developed products. We share the right to use such products, and we share 50% of the net profits from our sale of our jointly researched and developed products.

~~Our~~- ~~business~~18 is- greatly dependent on our ability to attract key personnel. We will need to attract, develop, motivate and retain highly skilled technical employees with internet experience. Competition for qualified personnel is intense and we may not be able to hire or retain qualified personnel. Our management has limited experience in recruiting key personnel, which may hurt our ability to recruit qualified individuals. If we are unable to retain such employees, we will not be able to implement or expand our business plan.

12A majority of our revenues are derived from (1) sales of comprehensive sets of ELPs, including hardware with educational content certified and authorized by Beijing Normal University under the partnership agreement and (2) development fees from customers for providing educational content in computer programs. In the past, the majority of our revenue was generated from distributing our self-developed technologies in GPS and education products to overseas customers. Starting from 2009, we have been shifting our focus to the education market in the PRC. We plan to expand our sales network to all primary and secondary schools in all provinces of China with the help of educational policies, such as “The Tenth Five-Year Development Outline for Educational Information Technology,” for the development of IT in education and computerized teaching matters, and to the individual electronic ELP market.

ASThe ANchart ~~INTERNET~~below ~~COMPANY,~~presents WEour ~~ARE~~corporate ~~IN AN INTENSELY COMPETITIVE INDUSTRY AND ANY FAILURE TO TIMELY IMPLEMENT OUR BUSINESS PLAN COULD DIMINISH OR SUSPEND OUR DEVELOPMENT AND POSSIBLY CEASE OUR OPERATIONS~~structure.

~~The~~Our ~~online~~company ~~community~~headquarters ~~industry~~ is ~~highly~~located ~~competitive~~in ~~and~~southern ~~has few barriers to entry. Our main competitors include community online newspapers~~China, ~~existing~~in ~~community portal sites and online directory companies, such as~~ the City ~~Yellow~~of ~~Pages.~~Zhongshan Wein ~~can~~Guangdong ~~provide~~Province ~~no assurance that additional competitors will not enter~~ and ~~setup~~our ~~online~~sales ~~community~~offices ~~portals. There~~ are ~~numerous~~located ~~other~~in ~~companies~~the Shenzhen ~~that~~Special ~~currently~~Economic ~~offer~~Zone ~~similar services that have established user bases that are significantly larger than ours,~~ and ~~that~~City ~~have access to greater capital. If we are unable to efficiently and effectively institute our business plan as a result~~ of ~~intense~~Guangzhou ~~competition~~in orGuangdong ~~a saturated market, we may not be able to continue the development and enhancement of our web site and become profitable~~Province.

IFWe WEfile ~~ARE~~annual, ~~UNABLE~~quarterly TOand ~~ESTABLISH~~other Areports, ~~LARGE~~proxy ~~USER~~statements and ~~BASE~~other WEinformation ~~MAY~~with ~~HAVE~~the ~~DIFFICULTY~~SEC. ~~ATTRACTING~~You ~~ADVERTISERS~~may TOobtain ~~OUR~~and ~~WEB~~copy ~~SITE~~any document we file with the SEC at the SEC’s public reference room at 100 F Street, ~~WHICH~~NE, ~~WILL~~Room ~~HINDER~~1580, Washington, ~~OUR~~D.C. ~~ABILITY~~20549. TOYou ~~GENERATE~~may ~~ADVERTISING~~obtain ~~REVENUES~~information on the operation of the SEC’s public reference facilities by calling the SEC at 1-800-SEC-0330. You can request copies of these documents, ~~WHICH~~upon ~~MAY~~payment ~~AFFECT~~of ~~OUR~~a ~~ABILITY~~duplicating TOfee, ~~EXPAND~~by ~~OUR~~writing to ~~BUSINESS~~the ~~OPERATIONS~~SEC ~~AND~~at ~~OUR~~its ~~USER~~principal ~~BASE~~office at 100 F Street, NE, Room 1580, Washington, D.C. 20549-1004. The SEC maintains an Internet website at http://www.sec.gov that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC. Our SEC filings, including exhibits filed therewith, are accessible through the Internet at that website. You may also request a copy of our SEC filings, at no cost to you, by writing or telephoning us at: China Interactive Education, Inc., Block C, Zhennan Road, South District, Zhongshan City, Guangdong Province, 518040 People’s Republic of China, attention Corporate Secretary, telephone (+86) 0760-2819888. We will not send exhibits to the documents, unless the exhibits are specifically requested and you pay our fee for duplication and delivery.

An2010 ~~integral~~Financial ~~part~~Performance ofHighlights our business plan and marketing strategy requires us to establish a large internet user base by selling several community franchises. We will only be able to attract advertisers to our network of web sites and begin to generate significant advertising revenues if we can obtain a large enough audience to compete with other media services. If for any reason our portals are ineffective at attracting site visitors or if we are unable to continue to develop and update our web site to keep community interests satisfied with our service, our user base may decrease and our ability to generate advertising revenues may decline.

InThe ~~order~~following ~~to implement our business plan, we will require success in attracting entrepreneurs to invest in our software and support services. We will also require that those community portals~~ are ~~successful~~some infinancial ~~terms~~highlights offor ~~attracting~~the anthree months ~~advertising~~ended ~~and~~March ~~listing base. If we are not able to attract potential franchisees or if our pilot communities are not able to secure a significant advertising base~~31, ~~we will be forced to suspend and eventually cease our business activities.~~2010:

~~OUR~~- ~~MARKET~~19 IS- ~~CHARACTERIZED BY RAPID TECHNOLOGICAL CHANGE, AND IF WE FAIL TO DEVELOP AND MARKET NEW TECHNOLOGIES RAPIDLY, WE MAY NOT BECOME PROFITABLE IN THE FUTURE.~~

~~The~~Net ~~internet~~Sales: ~~industry~~Net issales ~~characterized~~increased ~~by rapid technological change that could render our existing web site and technology obsolete~~$0.4 ~~The~~million, ~~development of our web sites entails significant technical and business risks. We can give no assurance that we will successfully use new technologies effectively~~ or ~~adapt~~13%, ~~our web site~~ to ~~customer requirements or needs~~$3.6 million ~~If our management is unable,~~ for ~~technical,~~the ~~legal,~~three ~~financial,~~months orended ~~other~~March ~~reasons~~31, to2010 ~~adapt~~from in$3.2 amillion ~~timely~~for ~~manner~~the same inperiod ~~response to changing market conditions or customer requirements, we may never become profitable which may result~~ in ~~the loss of all or part of your investment~~2009.
IFGross WEMargin: ~~ARE~~Gross ~~UNABLE~~margin TOwas ~~PROTECT~~34% ~~AND~~for ~~PURCHASE~~the ~~INTERNET~~three ~~DOMAIN~~months ~~NAMES~~ended March ~~UNDER~~31, ~~OUR BRAND NAME~~2010, ~~OUR~~as ~~EFFORTS~~compared TOto ~~INCREASE~~62% ~~PUBLIC~~for ~~RECOGNITION~~the OFsame ~~OUR~~period ~~BRAND~~in ~~MAY BE IMPAIRED~~2009.
~~Our~~Net ~~market~~Income: ~~strategy~~Net ~~and~~income ~~branding~~decreased ~~is based on developing a recognized brand for the company using internet domain names under “www~~$2.~~find“_____”.com.” The~~4 acquisition and maintenance of domain names generally is regulated by governmental agencies and their designees. The regulation of domain names in Canada and in foreign countries is subject to change. As a resultmillion, ~~we may be unable to acquire~~ or ~~maintain~~177%, ~~relevant domain names in all communities in which we intend~~ to ~~conduct business~~ $(1.0) ~~This~~million ~~could~~for ~~impair~~the ~~our~~three ~~efforts~~months toended ~~build~~March ~~brand recognition and to increase traffic to our website and sales. Furthermore~~31, ~~the relationship between regulations governing domain names and laws protecting trademarks and similar proprietary rights is unclear. Therefore~~2010, ~~we may be unable to prevent third parties~~ from ~~acquiring~~$1.4 ~~domain~~million for ~~names that are similar to our domain names, and infringing upon or otherwise decreasing~~ the ~~value~~same ofperiod ~~any~~in ~~future trademarks or other proprietary rights that we may develop~~2009. ~~We may need to bring legal claims to~~
13Fully diluted earnings per share: Fully diluted earnings per share were $(0.016) for the three months ended March 31, 2010, as compared to $0.21 for the same period in 2009.

~~enforce~~Results ~~or protect such intellectual property rights. Any litigation, whether successful or unsuccessful, could result in substantial costs and diversions~~ of ~~resources.~~Operations

~~Any~~The ~~claims,~~following bytable orsets ~~against~~forth ~~us,~~key ~~could~~components beof ~~time~~our ~~consuming~~results ~~and~~of operations ~~costly~~for tothe ~~defend~~periods ~~or litigate~~indicated, ~~divert~~both ~~our~~in ~~attention~~dollars and ~~resources~~as ~~and~~a ~~result~~percentage ~~in the loss~~ of ~~goodwill associated with~~ our net ~~trade names~~sales.

BECAUSE WE DO MOT HAVE SUFFICIENT INSURANCE TO COVER OUR BUSINESS LOSSES, WE MIGHT HAVE UNINSURED LOSSSES, INCREASING THE POSSIBILITY THAT YOU WOULD LOOSE YOUR INVESTMENT

		Three Months Ended					Three Months Ended
		March 31, 2010					March 31, 2009
				% of				% of
		Amount		Net Sales			Amount	Net Sales

Net sales	$	3,572,989		100%		$	3,162,404	100%

Cost of sales		2,365,652		66%			1,188,260	38%

Gross profit		1,207,337		34%			1,974,144	62%

Selling, General and Administrative Expenses		2,248,278		63%			335,571	11%

(Loss) income from operations		(1,040,825	)	(29%	)		1,638,573	51%

Other income		58		0%			186	0%

(Loss) income before income taxes		(1,040,883	)	(29%	)		1,638,759	51%

Income taxes		-		0%			287,730	9%

Net (loss) income	$	(1,040,883	)	(29%	)	$	1,351,029	42%

WeNet ~~may~~Sales. ~~incur~~Our ~~uninsured~~sales ~~liabilities~~revenue ~~and~~increased ~~losses~~to $3.6 asmillion ain ~~result of~~ the ~~conduct~~three ofmonths ~~our~~ended ~~business.~~March We31, do2010, ~~not~~from ~~currently~~$3.2 ~~maintain~~million ~~any~~for ~~comprehensive~~the same ~~insurance.~~period ~~Even~~in if2009, werepresenting ~~obtain~~a ~~such~~13% ~~insurance~~increase. inDuring the ~~future~~2010 period, wethe Company ~~may~~changed ~~not~~its ~~carry~~principal ~~sufficient~~business ~~insurance~~from ~~coverage~~providing toproduct ~~satisfy~~and ~~potential~~licensing fees, ~~claims.~~or WePLFs, doto ~~not~~providing ~~carry~~educational ~~any~~learning ~~business~~products, ~~interruption~~or ~~insurance.~~ELPs, ~~Should~~under ~~uninsured~~its own ~~losses~~“Five ~~occur,~~Best ~~any~~Students” ~~purchasers~~brand. ofThe ~~our~~increase ~~common~~in ~~stock~~revenue ~~could~~reflects ~~loose~~acceptance ~~their~~of this ~~entire~~change ~~investment~~by our customers.

~~BECAUSE~~Cost WEof ~~CAN~~Sales. ~~ISSUE~~Our ~~ADDITIONAL~~cost ~~COMMON~~of ~~SHARES~~sales increased $1.2 million, ~~PURCHASERS~~or OF99%, ~~OUR~~to ~~COMMON~~$2.4 ~~STOCK~~million ~~MAY~~in ~~INCUR~~the ~~IMMEDIATE~~three ~~DILUTION~~months ~~AND~~ended ~~MAY~~March ~~EXPERIENCE~~31, ~~FURTHER~~2010, ~~DILUTION~~from $1.2 million for the same period in 2009. The cost of goods sold per sales ratio changed from 38% to 66% for the three months ended March 31, 2010 and 2009, respectively. The increment in cost of sales represents the difference in cost structure in providing licensing revenue and product revenue, in connection with the Company’s change from providing PLFs to providing ELPs during the 2010 period.

WeGross ~~are~~Profit ~~authorized~~and toGross ~~issue~~Margin. upOur togross 10profit decreased $0.8 million,~~000,000~~ ~~common~~or ~~shares~~39%, ofto ~~which~~$1.2 ~~4,600,000~~million ~~are~~in ~~issued~~the ~~and~~three ~~outstanding.~~months ~~Our~~ended ~~board~~March 31, of2010, ~~directors~~from ~~has~~$2.0 ~~the~~million ~~authority~~for tothe ~~cause~~same ~~our~~period ~~company~~in to2009. ~~issue~~Gross ~~additional~~profit ~~shares~~as a percentage of ~~common~~net ~~stock~~revenue ~~without~~was 34% and 62% for the ~~consent~~three ofmonths ~~any~~ended ofMarch ~~our~~31, ~~shareholders.~~2010 ~~Consequently~~and 2009, ~~our~~respectively. ~~shareholders~~The decrease ~~may~~in ~~experience~~gross ~~more~~profit ~~dilution~~represents the different gross margin in ~~their~~providing licensing ~~ownership~~revenue ofin ~~our~~the ~~company~~2009 period and product revenue in the ~~future~~2010 period.

~~SINCE~~- ~~OUR~~20 ~~OFFICERS~~- AND DIRECTORS RESIDE OUTSIDE OF THE UNITED STATES, IT MAY BE DIFFICULT, IF NOT IMPOSSIBLE, FOR AN INVESTOR TO ENFORCE A JUDGMENT FROM A UNITED STATES COURT BASED ON UNITED STATES LAW IN A CANADIAN COURT AGAINST US OR OUR OFFICERS OR DIRECTORS.

~~Our~~Selling, ~~directors~~General and ~~officers~~Administrative reside in Canada. Because all or a substantial portion of our assets and the assets of these persons are located outside the United States, it may be difficult for an investor to sue, for any reason, us or any of our directors or officers outside the United States. If an investor was able to obtain a judgment against us or any of our directors or officers in a United States court based on United States securities laws or other reasons, it may be difficult, if not impossible, to enforce such judgment in Canada. Expenses
. In the three months ended March 31, 2010, our selling, general and administrative expenses increased $1.9 million, or 570%, to $2.2 million, from $0.3 million for the same period in 2009. During the 2010 period, the Company incurred expense on a marketing campaign regarding its change in business and to build up its own "Five Best Students" brand. The cost of advertisement related to brand building in the first quarter of 2010 totaled approximately $1.2 million.

WeOther have been advised by our Canadian counsel that there is doubt as to the enforceability, in original actions in Canadian courts, of liability based upon the United States Federal securities laws and as to the enforceability in Canadian courts of judgments of United States courts obtained in actions based upon the civil liability provisions of the United States Federal securities laws. Therefore, it may not be possible to enforce those actions against us or any of our directors or officers.Income
. Other income decreased $128, or 69%, to $58 in the three months ended March 31, 2010, from $186 during the same period in 2009. The decrease in other income represents less bank income earned from a decreased bank balance in the 2010 period.

WE(Loss) DOincome ~~NOT~~Before ~~EXPECT~~Income ~~TO PAY DIVIDENDS AND INVESTORS SHOULD NOT BUY OUR COMMON STOCK EXPECTING TO RECEIVE DIVIDENDS~~Taxes
. Our income before income taxes decreased by $2.6 million, or 164%, to ($1.0) million in the three months ended March 31, 2010, from $1.6 million for the same period in 2009, primarily due to increased marketing expenses during the 2010 period.

WeIncome have not paid any dividends on our common stock in the past, and do not anticipate that we will declare or pay any dividends in the foreseeable future. Consequently, you will only realize an economic gain on your investment in our common stock if the price appreciates. You should not purchase our common stock expecting to receive cash dividends. Since we do not pay dividends, and if we are not successful in having our shares listed or quoted on any exchange or quotation system, then you may not have any manner to liquidate or receive any payment on your investment. Therefore our failure to pay dividends may cause you to not see any return on your investment even if we are successful in our business operations. In addition, because we do not pay dividends we may have trouble raising additional funds which could affect our ability to expand out business operations.Taxes
. We incurred income tax expenses of $nil and $0.3 million in the three months ended March 31, 2010 and 2009, respectively, a 100% decrease. See "Taxation" above for more information. The Company generated negative income before income tax in the first quarter of 2010 and so no income taxes were incurred during the period.

14Net Income
. In the three months ended March 31, 2010, we generated a net loss of $1.0 million, a decrease of $2.4 million, or 177%, from $1.4 million for the same period in 2009, as a result of the factors described above.

~~Item~~Liquidity 2.And Capital Resources

~~Management's~~As ~~Discussion~~of March 31, 2010, we had cash and ~~Analysis~~cash orequivalents ~~Plan~~of $180,762, primarily consisting of ~~Operation~~cash on hand and demand deposits. The following table provides detailed information about our net cash flow for all financial statement periods presented in this report. To date, we have financed our operations primarily through cash flows from operations, augmented by short-term bank borrowings and equity contributions by our stockholders.

~~The~~Cash ~~following~~Flow(all ~~discussion~~amounts ~~relates~~in ~~to the consolidated operations of our company for the nine months ended September 30, 2009~~U.S. dollars)

Results of Operations for the Nine Months Ended September 30, 2009

		Three Months Ended March 31,
		2010			2009
Net cash provided by operating activities	$	287,521		$	1,831,592
Net cash used in investing activities		(42,920	)		(295,955	)
Net cash used in financing activities		(415,530	)		(1,794,015	)
Effects of Exchange Rate Change in Cash		147			(7,857	)
Net Decrease in Cash and Cash Equivalents		(170,782	)		(266,235	)
Cash and Cash Equivalent at Beginning of the Year		351,544			440,000
Cash and Cash Equivalent at End of the Year	$	180,762		$	173,765

~~Revenues: Total~~Operating ~~revenues for the nine month period September 30, 2009 were none. Revenues of $5,523 since inception of were mainly generated through advertising and promotions initiatives.~~ activities

~~Operating~~Net ~~Expenses: Since~~cash ~~inception~~provided toby ~~September~~operating ~~30,~~activities ~~2009,~~was ~~significant~~$0.3 ~~expenses~~million for ~~incurred~~the ~~were~~three ~~for~~months ~~consulting~~ended ~~fees~~March of31, ~~$21~~2010,~~039~~ ~~and~~as ~~accounting~~compared ~~and~~to ~~Legal Fees of~~ $~~51,732~~1.8 ~~Contractors~~million ~~were~~net ~~hired~~cash provided ~~for~~by ~~sales~~operating ~~and~~activities ~~marketing efforts to jump-start the business strategies and objectives of the company. Legal fees incurred were~~ for ~~incorporation of~~ the ~~company~~same ~~and~~period ~~legal~~in ~~consulting fees~~2009. NoThe ~~other~~decrease ~~unusual~~from period orto ~~material~~period ~~expenses~~was ~~were~~primarily ~~incurred. It~~attributable ~~has~~to ~~been noted that~~ the ~~company~~Company’s ~~directors~~transition ~~were~~of principal ~~incurring~~business ~~expenses~~during inthe ~~cash~~2010 ~~and checks form~~period, ~~which~~from isproviding ~~detailed~~PLFs ~~separately~~to inproviding ~~the~~ELPs and ~~consolidated financials. For~~ the ~~year end December 31, 2008 the operating~~ expense ofincurred ~~$10,882~~in ~~were~~marketing ~~largely~~activities ~~due~~related to ~~office~~the ~~& administrative expenses for $3,260 and accounting & legal fees of $7,369~~change.

~~Results~~- of21 ~~Operations: Cumulative~~- net loss since inception to September 30, 2009 is $97,128. The cumulative loss has being funded by the existing shareholders and principals. We incurred a net loss of $6,693 for the nine months ended September 30, 2009.

~~Plan~~Investing ~~of Operations~~activities

~~The~~Net ~~following~~cash ~~discussion~~used ~~should be read~~ in ~~conjunction~~investing ~~with~~activities ~~our~~for ~~unaudited financial statements and~~ the ~~related~~three ~~notes~~months ended ~~that~~March ~~appear~~31, ~~elsewhere~~2010 inwas ~~this~~$42,920, ~~form.~~as ~~The~~compared ~~following~~to ~~discussion contains forward-looking statements that reflect our plans~~$295,955 ~~estimates~~for ~~and beliefs. Our actual results could differ materially from those discussed in~~ the ~~forward~~same ~~looking~~period ~~statements~~in 2009. ~~Factors~~During ~~that~~the ~~could~~first ~~cause~~quarter orof ~~contribute to such differences include~~2010, ~~but~~the ~~are~~net ~~not~~cash ~~limited~~used ~~to, those discussed below and elsewhere~~ in ~~this~~investing ~~form,~~was mainly ~~particularly~~attributable into ~~the~~acquisition ~~section entitled "Risk Factors" beginning on page 11~~ of ~~this~~plant ~~registration~~and ~~statement~~equipment .

~~Our~~Financing ~~unaudited financial statements are stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.~~ activities

~~Future~~Net ~~Operations~~cash used in financing activities for the three months ended March 31, 2010 was $0.4 million, as compared to $1.8 million for the same period. During the first quarter of 2010, the net cash used in financing was mainly attributable to repayment of amount due from directors. The amount contributed by directors was used to finance the Company’s working capital with interest-free.

~~Management~~We ~~projects~~believe that weour cash on hand and cash flow from operations will meet our present cash needs for the next 12 months. We may, however, in the future, require aadditional ~~minimum~~cash resources due to changed business conditions, implementation of ~~$22~~our strategy to ramp up our marketing efforts and increase brand awareness,~~500~~ or acquisitions we may decide to ~~fund~~pursue. If our own financial resources are insufficient to satisfy our capital requirements, we may seek to sell additional equity or debt securities or obtain additional credit facilities. The sale of additional equity securities could result in dilution to our stockholders. The incurrence of indebtedness would result in increased debt service obligations and could require us to agree to operating ~~expenditures~~and ~~for~~financial ~~the~~covenants ~~next~~that ~~twelve~~would ~~month~~restrict ~~period~~our operations. ~~Projected~~ ~~working~~Financing may ~~capital~~not ~~requirements~~be ~~for~~available ~~the~~in ~~next~~amounts ~~twelve~~or ~~month~~on ~~period~~terms acceptable to us, ~~are~~if ~~broken~~at ~~down~~all. asAny failure ~~follows:~~by us to raise additional funds on terms favorable to us, or at all, could limit our ability to expand our business operations and could harm our overall business prospects.

~~Estimated~~Obligations ~~Working~~Under ~~Capital~~Material ~~Expenditures~~Contracts ~~During the Next Twelve Month Period:~~

Marketing	$6,000
General and Administrative	$1,200
Legal and Accounting	$10,000
Assets	$2,000
Working Capital	$1,300
Total	$22,500

On May 20, 2009, we entered into a partnership agreement with Beijing Normal University. Pursuant to the partnership agreement, we are required to pay no less than RMB 1 million (approximately USD$147,060) per year to Beijing Normal University for research and development purposes. We were required to pay RMB 300,000 (approximately USD$44,200) within 15 working days after the establishment of the IT Applied in Education Institute and are required pay the remaining amount in no less than RMB 150,000 (approximately USD$22,060) increments every three months. This agreement is for a term of three years. On August 2, 2009, we entered into a supplemental agreement with Beijing Normal University, pursuant to which we agreed to share 50% of the net profits from our sale of jointly researched and developed products under the partnership agreement.

~~Our~~Inflation focus will to be to continue the development of our community products and services by focusing on FTW over the next 12 months, so that FTW can be used as a reference model to be sold into other targeted communities.

15Inflation and changing prices have not had a material effect on our business and we do not expect that inflation or changing prices will materially affect our business in the foreseeable future. However, our management will closely monitor the price change in travel industry and continually maintain effective cost control in operations.

~~Franchising Franchising~~Off isBalance ~~considered~~Sheet aArrangements future primary revenue stream, although the value of these franchises will be determined by various market factors like size of market and competition in marketplace which the franchise operates in. Franchises offer short term revenue and long term service contracts.

~~Liquidity~~We ~~and~~do ~~Capital~~not ~~Resources~~have any off balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity or capital expenditures or capital resources that is material to an investor in our securities.

~~Presently,~~Seasonality ~~our revenue is not sufficient to meet our operating and capital expenses. Management projects that we will require additional funding to expand our current operations.~~

~~There~~We ismay ~~some~~experience ~~doubt~~seasonal ~~about~~fluctuations in our ~~ability~~revenue toin ~~continue~~some regions asin athe ~~going~~PRC, ~~concern~~based ason the ~~continuation~~academic year and the tendency of ~~our~~parents ~~business~~and students isto ~~dependent~~make ~~upon~~purchases ~~successful~~relating ~~and~~to ~~sufficient~~their ~~market~~education ~~acceptance~~just prior to or at the beginning of the school year in the autumn. Moreover, our ~~products~~revenues ~~and~~are ~~maintaining~~usually higher ain ~~break~~the ~~even~~second orhalf ~~profitable~~of ~~level~~the year than in the first half of ~~operations~~the year and the second quarter is usually the slowest quarter because China’s educational institutions normally procure ELP in first and third quarters. Any seasonality may cause significant pressure on us to monitor the development of materials accurately and to anticipate and satisfy these requirements.

As- at22 ~~the~~- nine months period end September 30, 2009, the Company has not yet achieved profitable operations, has had accumulated net losses of $97,128 since its inception, has a working capital deficiency of $68,167 and expects to incur further losses in the development of its business. Our cash on hand as at September 30, 2009 was $121.

WeCritical ~~require~~Accounting funds to enable us to address our minimum current and ongoing expenses, continue with marketing and promotion activity connected with the development and marketing of our products and enable limited expansion of our community products and services. We anticipate that our cash on hand and the revenue that we anticipate generating going forward from our operations may not be sufficient to satisfy all of our cash requirements for the next twelve month period. If we require any additional monies during this time, we plan to raise any such additional capital primarily through the private placement of our securities.Policies

~~Due~~These tointerim ~~the~~condensed ~~uncertainty~~consolidated offinancial ~~our~~statements ~~ability~~are unaudited. toIn ~~meet~~the ~~our~~opinion ~~current~~of ~~operating and capital expenses~~management, inall ~~their~~adjustments ~~report~~and ondisclosures necessary ~~our~~for ~~audited~~a ~~financial~~fair ~~statements~~presentation ~~for~~of ~~the~~these ~~year~~interim ~~end~~condensed ~~December~~consolidated financial ~~31,~~statements ~~2008,~~have ~~our~~been ~~independent auditors~~ included. anThe ~~explanatory~~result ~~paragraph~~reported ~~regarding~~in ~~concerns~~the ~~about~~condensed consolidated ~~our~~financial ~~ability~~statements tofor ~~continue~~any asinterim aperiods ~~going~~are ~~concern.~~not ~~Our~~necessarily indicative ~~financial~~of ~~statements contain additional note disclosures describing~~ the ~~circumstances~~results that ~~led~~may tobe ~~this~~reported ~~disclosure~~for bythe ~~our~~entire ~~independent auditors~~year. ~~There~~The accompanying iscondensed ~~substantial~~consolidated ~~doubt~~financial ~~about~~statements ~~our~~have ~~ability~~been toprepared ~~continue~~in accordance aswith athe ~~going~~rules ~~concern~~and asregulations of the ~~continuation~~Securities and ~~expansion~~Exchange Commission ofand ~~our~~do ~~business~~not isinclude ~~dependent~~all ~~upon~~information ~~obtaining~~and ~~further~~footnotes ~~financing,~~necessary ~~successful~~for ~~and~~a complete ~~sufficient~~presentation ~~market~~of ~~acceptance~~financial ofstatements ~~our~~in ~~products,~~conformity ~~and,~~with ~~finally,~~accounting principles ~~achieving~~generally aaccepted ~~profitable~~in ~~level~~the ofUnited ~~operations~~States. ~~The~~These ~~issuance~~unaudited ofcondensed consolidated ~~additional~~financial ~~equity~~statements ~~securities~~should bybe usread ~~could result~~ in aconjunction ~~significant~~with ~~dilution in~~ the consolidated ~~equity~~financial ~~interests~~statements ofand ~~our~~accompanying ~~current~~footnotes ~~stockholders.~~included ~~Obtaining~~in ~~commercial~~the Company’s ~~loans,~~Annual ~~assuming~~Report ~~those~~on ~~loans~~Form ~~would~~10-K befor ~~available,~~the ~~will~~year ~~increase~~ended ~~our~~December ~~liabilities~~31, ~~and future cash commitments~~2009.

~~The~~These ~~financial~~condensed ~~requirements~~consolidated offinancial ~~our~~statements ~~company~~include ~~for~~ the ~~next twelve months are primarily dependent upon the~~ financial ~~support~~statements ~~through credit facilities~~ of ~~our~~CIE ~~director~~ and ~~additional~~its ~~private placements of our equity securities to our director and shareholders or new shareholders~~subsidiaries. ~~The~~All ~~issuance of additional equity securities by us may result in a~~ significant ~~dilution~~intercompany balances inor ~~the~~transactions ~~equity~~have ~~interests~~been ofeliminated ~~our~~on ~~current~~consolidation ~~shareholders.~~

~~Our~~Research ~~company has determined that we may not have sufficient working capital for the next twelve month period~~ and ~~has~~development ~~the~~expenses intention to pursue such financing options. There is no assurance that we will be able to obtain further funds required for our continued operations or that additional financing will be available to us when needed or, if available, that it can be obtained on commercially reasonable terms.
Research and development costs are charged to expense when incurred.

IfAdvertising ~~we are not able to obtain the additional financing on a timely basis, we will not be able to meet our other obligations as they become due~~ and wepromotion ~~will~~costs be forced to scale down or perhaps even cease our operations. We do not currently have any plans to merge with another company, and we have not entered into any agreements or understandings for any such merger.
The Company expenses advertising and promotion costs as incurred. Advertising and promotion expenses charged to operations were $1,205,748 (unaudited) and $38,899 (unaudited) for the periods ended March 31, 2010 and 2009, respectively.

16Shipping and handling cost
Technological products sold by the Company are normally collected by customers at the Company’s premises. During the periods ended March 31, 2010 and 2009, shipping and handling costs were insignificant.

~~Item~~Foreign 3.Currency ~~Controls and Procedures~~

AsThe ~~required~~Company byuses ~~Rule 13a-15 under~~ the ~~Exchange~~United ~~Act,~~States asdollars of("U.S. ~~the~~Dollar" ~~end~~or "US$" ofor ~~the~~"$") ~~period~~for ~~covered~~financial byreporting ~~this~~purposes. ~~quarterly~~The ~~report,~~PRC ~~being~~subsidiaries ~~September~~within ~~30, 2009, we have carried out an evaluation of~~ the Company ~~effectiveness~~maintain oftheir ~~the~~books ~~design~~ and ~~operation~~records ofin ~~our~~their ~~company's~~functional ~~disclosure~~currency, ~~controls~~Chinese Renminbi ("RMB") and ~~procedures.~~Hong ~~This~~Kong ~~evaluation~~dollars ~~was~~("HK$), ~~carried~~being ~~out under~~ the ~~supervision~~lawful ~~and~~currency ~~with~~in the PRC ~~participation~~and ofHong ~~our~~Kong. ~~management,~~Assets ~~including our president~~ and ~~chief~~liabilities ~~executive~~are ~~officer.~~translated ~~Based~~into ~~upon~~US ~~that~~Dollars ~~evaluation,~~using the ~~our~~applicable ~~president~~exchange ~~and~~rates ~~chief~~prevailing ~~executive~~at ~~officer~~the ~~concluded~~balance ~~that~~sheet ~~our~~date. ~~disclosure~~Items ~~controls~~on ~~and~~the statement ~~procedures~~of operations are ~~effective~~translated asat ofaverage ~~the~~exchange ~~end~~rates ofduring the reporting period ~~covered by this report~~. ~~There~~Equity ~~have~~accounts ~~been~~are notranslated ~~significant~~at ~~changes~~historical inrates. ~~our~~Equity accounts ~~internal~~are ~~controls~~translated ~~over~~at ~~financial~~historical ~~reporting~~rates. ~~that~~Adjustments ~~occurred~~resulting ~~during~~from ~~our~~the translation ~~most~~of ~~recent~~the ~~fiscal~~Company’s ~~quarter~~financial ~~that~~statements ~~have materially affected, or~~ are ~~reasonably~~recorded ~~likely~~as toaccumulated other ~~materially~~comprehensive ~~affect our internal controls over financial reporting~~income.

~~Disclosure~~The ~~controls~~exchange ~~and~~rates ~~procedures~~used ~~are controls and other procedures that are designed~~ to ~~ensure~~translate ~~that~~amounts ~~information required to be disclosed~~ in ~~our~~RMB ~~company's~~into ~~reports~~U.S. Dollars ~~filed~~for ~~or submitted under~~ the ~~Exchange~~purposes ~~Act~~of ispreparing ~~recorded,~~the ~~processed,~~consolidated ~~summarized~~financial ~~and~~statements ~~reported,~~are based ~~within~~on the ~~time~~rates ~~periods~~as ~~specified~~published inon the ~~Securities~~website ~~and~~of ~~Exchange Commission'~~People’s ~~rules~~Bank ~~and~~of ~~forms.~~China ~~Disclosure controls~~ and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the Exchange Act is accumulated and communicated to management, including our president and chief executive officer are as ~~appropriate,~~follows:- ~~to allow timely decisions regarding required disclosure.~~

PART II OTHER INFORMATION

	As of March 31, 2010	As of December 31, 2009
Balance sheet items, except for equity accounts	US$1=RMB6.8259	US$1=RMB6.8282
	US$1=HK$7.7642	US$1=HK$7.7805

Item 1.


	Period ended March 31,
	2010	2009
Items in the statements of income and cash flows	US$1=RMB6.8270	US$1=RMB6.8283
	US$1=HK$7.7746	US$1=HK$7.7417

~~Legal~~No ~~Proceedings~~representation is made that the RMB amounts could have been, or could be, converted into U.S. dollars at the above rates.

~~Our~~The ~~directors,~~value ~~principal~~of ~~executive~~RMB ~~officers~~against U.S. dollars and ~~control~~other ~~persons~~currencies may ~~have~~fluctuate ~~not~~and ~~been~~is ~~involved~~affected by, among other things, changes in ~~any~~China’s political and economic conditions. Any significant revaluation of RMB may materially affect the ~~following~~Company’s ~~events~~financial ~~during~~condition ~~the~~in ~~past~~terms ~~five~~of ~~years:~~U.S. dollar reporting.

1.- 23 -

~~any~~Recent ~~bankruptcy~~Accounting ~~petition~~Pronouncements ~~filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;~~

2Effective January 1, 2010, the Company adopted the provisions in ASU 2009-17, "Consolidation (ASC Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities", which changes how a company determines when an entity that is insufficiently capitalized or is not controlled through voting (or similar rights) should be consolidated. The adoption of the provisions in ASU 2009-17 did not have an impact on the Company’s consolidated financial statements.

~~any~~Effective ~~conviction~~January in1, 2010, the Company adopted ASU 2010-01, "Equity (ASC Topic 505): Accounting for Distributions to Shareholders with Components of Stock and Cash", which clarifies that the stock portion of a distribution ~~criminal~~to ~~proceeding~~shareholders that allow them to elect to receive cash or ~~being~~stock with ~~subject~~a potential limitation on the total amount of cash that all shareholders can elect to receive in the aggregate is considered a ~~pending~~share ~~criminal~~issuance ~~proceeding~~that ~~(excluding~~is reflected ~~traffic~~prospectively ~~violations~~in earnings per share and ~~other~~is ~~minor~~not ~~offenses);~~considered a stock dividend for purposes of ASC Topic 505 and ASC Topic 260. The adoption of the provisions in ASU 2010-01 did not have an impact on the Company’s consolidated financial statements.

Effective January 1, 2010, the Company adopted the provisions in ASU 2010-06, "Fair Value Measurements and Disclosures (ASC Topic 820): Improving Disclosures about Fair Value Measurements, which requires new disclosures related to transfers in and out of levels 1 and 2 and activity in level 3 fair value measurements, as well as amends existing disclosure requirements on level of disaggregation and inputs and valuation techniques. The adoption of the provisions in ASU 2010-06 did not have an impact on the Company’s consolidated financial statements.

~~being~~Other ~~subject~~accounting tostandards ~~any~~that ~~order,~~have ~~judgment,~~been issued or ~~decree,~~proposed by ~~not~~the ~~subsequently~~FASB ~~reversed, suspended~~ or ~~vacated,~~other ofstandards-setting ~~any~~bodies ~~court~~that ofdo ~~competent~~not ~~jurisdiction,~~require ~~permanently~~adoption oruntil a ~~temporarily~~future ~~enjoining,~~date ~~barring,~~are ~~suspending~~not orexpected ~~otherwise~~to ~~limiting~~have ~~his~~a ~~involvement~~material inimpact ~~any~~on ~~type~~the ofCompany’s Consolidated ~~business,~~Financial ~~securities~~Statements orupon ~~banking~~adoption. ~~activities; or~~

4.- 24 -

~~being~~ITEM ~~found~~3. byQUANTITATIVE aAND ~~court~~QUALITATIVE ofDISCLOSURES ~~competent~~ABOUT ~~jurisdiction~~MARKET (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacatedRISK.

~~Item~~Not 2applicable.

~~Recent~~ITEM ~~Sales~~4. ofCONTROLS ~~Unregistered~~AND ~~Securities~~PROCEDURES.

~~None.~~Evaluation of Disclosure Controls and Procedures

~~Item~~We 3.maintain ~~Defaults~~disclosure ~~Upon~~controls ~~Senior~~and ~~Securities~~procedures (as defined in Rule 13a-15(e) under the Exchange Act) that are designed to ensure that information that would be required to be disclosed in Exchange Act reports is recorded, processed, summarized and reported within the time period specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including to our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

~~None~~As required by Rule 13a-15 under the Exchange Act, our management, including our Chief Executive Officer and Chief Financial Officer, evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of March 31, 2010. Based on that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as of March 31, 2010, and as of the date that the evaluation of the effectiveness of our disclosure controls and procedures was completed, our disclosure controls and procedures were effective to satisfy the objectives for which they are intended.

~~Item~~Changes 4.in ~~Submission~~Internal ofControl ~~Matters~~Over toFinancial ~~a Vote of Security Holders~~Reporting

~~None.~~There have been no changes in our internal control over financial reporting during the three months ended March 31, 2010 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

17PART II

~~Item 5~~ITEM 1. LEGAL PROCEEDINGS. ~~Other Information~~

~~None~~From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties and an adverse result in these or other matters may arise from time to time that may harm our business. We are currently not aware of any such legal proceedings or claims that we believe will have a material adverse affect on our business, financial condition or operating results.

~~Item~~- 6.25 ~~Exhibits~~-

~~(a)~~ITEM 1A. RISK FACTORS.

~~Exhibits~~Not applicable.

Exhibit
Number	Description
31.1	Certification of Chief Executive Officer and Chief Financial Officer, pursuant to Rule 13a-14(a) of the Exchange Act, as enacted by Section 302 of the Sarbanes-Oxley Act of 2002. (filed herewith)
32.1	Certification of Chief Executive Officer and Chief Financial Officer, pursuant to 18 United States Code Section 1350, as enacted by Section 906 of the Sarbanes-Oxley Act of 2002. (filed herewith)

ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

~~(b)~~We have not sold any equity securities during the quarter ended March 31, 2010 which sale was not previous disclosed in a current report on Form 8-K filed during that period.

~~Reports~~ITEM 3. DEFAULTS UPON onSENIOR ~~Form~~SECURITIES. ~~8-K~~

None.

~~SIGNATURES~~ITEM 4. (REMOVED AND RESERVED).

InITEM ~~accordance~~5. ~~with~~OTHER ~~the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized~~INFORMATION.

~~Find~~We ~~The~~have ~~World~~no ~~Interactive,~~information ~~Inc~~to include that was required to be but was not disclosed in a report on Form 8-K during the period covered by this Form 10-Q. There have been no material changes to procedures by which security holders may recommend nominees to our board of directors.

~~Dated:~~ITEM ~~October~~6. ~~13, 2009~~EXHIBITS.

~~/s/~~The ~~Gordon~~following ~~Clayton~~exhibits are filed as part of this report or incorporated by reference:

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

Exhibit No.		Description

31.1		Certifications of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certifications of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

~~Gordon~~- ~~Clayton~~26 -

~~President,~~SIGNATURES ~~Secretary, Treasurer~~

~~Chief~~ Pursuant to ~~Executive~~the ~~Officer~~requirements ~~and~~of ~~Director~~the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Principal Executive Officer,

	CHINA INTERACTIVE EDUCATION, INC.


Dated: May 24, 2010	/s/ Ruofei Chen
	Ruofei Chen
	Chief Executive Officer



Dated: May 24, 2010	/s/ Ting Pong Cheung
	Ting Pong Cheung
	Chief Financial Officer

~~Principal~~- ~~Financial~~27 ~~Officer~~- ~~and~~

~~Principal~~EXHIBIT ~~Accounting~~INDEX ~~Officer)~~

Exhibit No.		Description

31.1		Certifications of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certifications of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of Chief Executive Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2		Certification of Chief Financial Officer Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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