CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Granite Global Ventures (Q.P.) L.P.—IRS # 91-2107045

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power 0

			8.	Shared Voting Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 5.84% (3)

	14.	Type of Reporting Person (See Instructions) PN

(1) This Schedule is filed by Granite Global Ventures (Q.P.) L.P., Granite Global Ventures L.P., Granite Global Ventures L.L.C., Granite Global Ventures III, L.P., GGV III Entrepreneurs Fund L.P., Granite Global Ventures III L.L.C., Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Jixun Foo, Glenn Solomon, Ray A. Rothrock, Anthony Sun, and Ms. Jenny Lee (collectively, the “Reporting Persons”). The Reporting Persons expressly disclaim status as a “group” for purposes of this Schedule 13D.

(2) Consists of 1,244,929 American Depository Shares (ADS) representing 124,492,900 ordinary shares held by Granite Global Ventures (Q.P.) L.P., and 21,272 ADS representing 2,127,200 ordinary shares held by Granite Global Ventures L.P. Granite Global Ventures L.L.C. is the sole general partner of Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures L.P. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Anthony Sun and Ray Rothrock are members of the investment committee of Granite Global Ventures L.L.C. and share voting and dispositive power over all such shares held by Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

(3) This percentage is calculated based upon 21,700,000 ADS (representing 2,170,000,000 ordinary shares) of the Issuer outstanding as set forth in the Issuer’s Form 6-K, filed with the Securities and Exchange Commission on December 23, 2007.

(4) In addition, Granite Global Ventures (Q.P.) L.P. holds 60 ordinary shares (representing a fractional 0.6 ADS) and Granite Global Ventures L.P. holds 20 ordinary shares (representing a fractional 0.2 ADS) for an aggregate total of 80 ordinary shares (representing a fractional 0.8 ADS).

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Granite Global Ventures L.P. – IRS #91-2107044

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 5.84% (3)

	14.	Type of Reporting Person (See Instructions) PN

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Granite Global Ventures L.L.C. – IRS #91-2107046

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 5.84% (3)

	14.	Type of Reporting Person (See Instructions) CO

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Granite Global Ventures III L.P.- IRS #20-5726515

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 6.03% (3)

	14.	Type of Reporting Person (See Instructions) PN

(2) Consists of 28,468 ADS representing 2,846,800 ordinary shares held by GGV III Entrepreneurs Fund L.P., and 1,279,110 ADS representing 127,911,000 ordinary shares held by Granite Global Ventures III L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Messrs. Jixun Foo, Glenn Solomon, Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, and Ms. Jenny Lee are members of the investment committee of Granite Global Ventures III L.L.C. and share voting and dispositive power over all such shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons GGV III Entrepreneurs Fund L.P.--I.R.S. #20-5870552

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 6.03% (3)

	14.	Type of Reporting Person (See Instructions) PN

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Granite Global Ventures III L.L.C.--IRS # 20-5726444

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Delaware, United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 6.03% (3)

	14.	Type of Reporting Person (See Instructions) CO

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Scott B. Bonham

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Canada

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 11.86% (3)

	14.	Type of Reporting Person (See Instructions) IN

(2) Consists of 1,244,929 American Depository Shares (ADS) representing 124,492,900 ordinary shares held by Granite Global Ventures (Q.P.) L.P., 21,272 ADS representing 2,127,200 ordinary shares held by Granite Global Ventures L.P., 28,468 ADS representing 2,846,800 ordinary shares held by GGV III Entrepreneurs Fund L.P., and 1,279,110 ADS representing 127,911,000 ordinary shares held by Granite Global Ventures III L.P. Granite Global Ventures L.L.C. is the sole general partner of Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada and Thomas K. Ng are members of the investment committees for both Granite Global Ventures L.L.C. and Granite Global Ventures III, L.L.C. and share voting and dispositive power over all such shares. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Joel D. Kellman

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 11.86% (3)

	14.	Type of Reporting Person (See Instructions) IN

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Hany M. Nada

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 11.86% (3)

	14.	Type of Reporting Person (See Instructions) IN

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Thomas K. Ng

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 2,573,779 ADS representing 257,377,900 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 11.86% (3)

	14.	Type of Reporting Person (See Instructions) IN

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Jixun Foo

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Singapore

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 6.03% (3)

	14.	Type of Reporting Person (See Instructions) IN

(2) Consists of 28,468 ADS representing 2,846,800 ordinary shares held by GGV III Entrepreneurs Fund L.P., and 1,279,110 ADS representing 127,911,000 ordinary shares held by Granite Global Ventures III L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Messrs. Jixun Foo, Glenn Solomon, Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, and Ms. Jenny Lee are members of the investment committee of Granite Global Ventures III L.L.C. and share voting and dispositive power over the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Glenn Solomon

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 6.03% (3)

	14.	Type of Reporting Person (See Instructions) IN

(2) Consists of 28,468 ADS representing 2,846,800 ordinary shares held by GGV III Entrepreneurs Fund L.P., and 1,279,110 ADS representing 127,911,000 ordinary shares held by Granite Global Ventures III L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Messrs. Jixun Foo, Glenn Solomon, Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, and Ms. Jenny Lee are members of the investment committee of Granite Global Ventures III L.L.C. and share voting and dispositive power over the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Jenny Lee

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization Singapore

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,307,578 ADS representing 130,757,800, ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 6.03% (3)

	14.	Type of Reporting Person (See Instructions) IN

(2) Consists of 28,468 ADS representing 2,846,800 ordinary shares held by GGV III Entrepreneurs Fund L.P., and 1,279,110 ADS representing 127,911,000 ordinary shares held by Granite Global Ventures III L.P. Granite Global Ventures III L.L.C. is the sole general partner of Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. Messrs. Jixun Foo, Glenn Solomon, Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, and Ms. Jenny Lee are members of the investment committee of Granite Global Ventures III L.L.C. and share voting and dispositive power over the shares held by Granite Global Ventures III L.P. and GGV III Entrepreneurs Fund L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Ray A. Rothrock

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 5.84% (3)

	14.	Type of Reporting Person (See Instructions) IN

(2) Consists of 1,244,929 American Depository Shares (ADS) representing 124,492,900 ordinary shares held by Granite Global Ventures (Q.P.) L.P., and 21,272 ADS representing 2,127,200 ordinary shares held by Granite Global Ventures L.P. Granite Global Ventures L.L.C. is the sole general partner of Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures L.P. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Anthony Sun and Ray Rothrock are members of the investment committee of Granite Global Ventures L.L.C. and share voting and dispositive power over the shares held by Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures, L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No. 447773 10 2

	1.	Names of Reporting Persons Anthony Sun

	2.	Check the Appropriate Box if a Member of a Group (See Instructions)
		(a)			o
		(b)			x (1)

	3.	SEC Use Only

	4.	Source of Funds (See Instructions) WC

	5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) o

	6.	Citizenship or Place of Organization United States of America

Number of Shares Beneficially Owned by Each Reporting Person With			7.	Sole Voting Power

			8.	Shared Voting Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

			9.	Sole Dispositive Power

			10.	Shared Dispositive Power 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	11.	Aggregate Amount Beneficially Owned by Each Reporting Person 1,266,201 ADS representing 126,620,100 ordinary shares (2)

	12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) o

	13.	Percent of Class Represented by Amount in Row (11) 5.84% (3)

	14.	Type of Reporting Person (See Instructions) IN

(2) Consists of 1,244,929 American Depository Shares (ADS) representing 124,492,900 ordinary shares held by Granite Global Ventures (Q.P.) L.P., and 21,272 ADS representing 2,127,200 ordinary shares held by Granite Global Ventures L.P. Granite Global Ventures L.L.C. is the sole general partner of Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures L.P. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Anthony Sun and Ray Rothrock are members of the investment committee of Granite Global Ventures L.L.C. and share voting and dispositive power over the shares held by Granite Global Ventures (Q.P.) L.P. and Granite Global Ventures, L.P. These individuals disclaim beneficial ownership of the shares beneficially owned by the above entities except to the extent of their pecuniary interests therein.

CUSIP No.447773 10 2

Introductory Note: This Statement on Schedule 13D is filed on behalf of Granite Global Ventures (Q.P.) L.P., a limited partnership organized under the laws of the State of Delaware, Granite Global Ventures L.P., a limited partnership organized under the laws of the State of Delaware, Granite Global Ventures L.L.C., a limited liability company organized under the laws of the State of Delaware, Granite Global Ventures III, L.P., a limited partnership organized under the laws of the State of Delaware, GGV III Entrepreneurs Fund L.P., a limited partnership organized under the laws of the State of Delaware, Granite Global Ventures III L.L.C., a limited liability company organized under the laws of the State of Delaware (collectively, the “GGV Entities”), Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Jixun Foo, Glenn Solomon, Ray A. Rothrock, Anthony Sun, and Ms. Jenny Lee (collectively with the GGV Entities, the “Reporting Persons”) in respect of the American Depository Shares (“ADS”), each ADS representing one hundred ordinary shares of Hurray! Holding Co., Ltd. (the “Issuer”). The ordinary shares are the security underlying the ADS issued by the Issuer.

Item 1.	Security and Issuer
(a) This statement relates to the American Depository Shares each representing one hundred (100) ordinary shares (“Ordinary Shares”) of Hurray! Holding Co., Ltd. (the “Issuer”).
(b) The address of the Issuer’s principal executive office is 15/F, Tower B, Gateway Plaza, No. 18 Xia Guang Li North Road, East Third Ring, Chaoyang District, Beijing 100027, People’s Republic of China

Item 2.	Identity and Background
(a) The name of the reporting persons are Granite Global Ventures L.P. (“GGV ”), Granite Global Ventures (Q.P.) L.P. (“GGV QP”), Granite Global Ventures III L.P. (“GGV III”), GGV III Entrepreneurs Fund L.P. (“GGV III Entrepreneurs”), Granite Global Ventures L.L.C., (“GGV LLC”), Granite Global Ventures III L.L.C. (“GGV III LLC”), Messrs. Ray A. Rothrock, Anthony Sun, Scott B. Bonham, Joel D. Kellman, Juxon Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng and Ms. Jenny Lee. A copy of their agreement in writing to file this statement of behalf of each of them is attached hereto as Exhibit A. GGV, GGV QP, GGV III and GGV III Entrepreneurs are limited partnerships organized under the laws of the State of Delaware. GGV LLC and GGV III LLC are limited liability companies organized under the laws of the State of Delaware. GGV LLC is the General Partner of GGV and GGV QP. GGV III LLC is the General Partner of GGV III and GGV III Entrepreneurs. Messrs. Ray A. Rothrock, Anthony Sun, Scott B. Bonham, Joel D. Kellman, Hany M. Nada, and Thomas K. Ng are members of the investment committee of GGV LLC. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Jixun Foo, Glenn Solomon and Ms. Jenny Lee are members of the investment committee of GGV III LLC.
(b) The business address for GGV, GGV QP, GGV III, GGV III Entrepreneurs, GGV LLC, GGV III LLC, and Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Jixun Foo, Glenn Solomon and Ms. Jenny Lee is 2494 Sand Hill Road, Suite 100, Menlo Park, CA 94025.
The business address for Messrs. Ray A. Rothrock and Anthony Sun is 2494 Sand Hill Road Suite 200, Menlo Park, CA 94025.
(c) Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, and Thomas K. Ng are managing members and investment committee members of GGV LLC. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Jixun Foo, Glenn Solomon and Ms. Jenny Lee are managing members and investment committee members of GGV III LLC. The principal business for each of the forgoing reporting persons is the venture capital investment business.
The address for Messrs. Scott B. Bonham, Joel D. Kellman, Jiixun Foo, Glenn Solomon, Hany M. Nada, Thomas K. Ng, and Ms. Jenny Lee is 2494 Sand Hill Road, Suite 100, Menlo Park, CA 94025.
Messrs. Ray A. Rothrock and Anthony Sun are managing members of Venrock Associates and investment committee members of GGV LLC. The address for Messrs. Ray A. Rothrock and Anthony Sun is 2494 Sand Hill Road Suite 200, Menlo Park, CA 94025. The principal business for each of the forgoing reporting persons is the venture capital investment business.
(d) During the last five years, none of the Reporting Persons, to the knowledge of the Reporting Persons, has been convicted in any criminal proceeding (excluding traffic violations or similar misdemeanors).
(e) During the last five years, none of the Reporting Persons, to the knowledge of the Reporting Persons, has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining future

Item 5.	Interest in Securities of the Issuer
The following information with respect to the ownership of the ADS of the Issuer by the persons filing this Statement is provided as of January 18, 2008:

	Shares Held Directly	Sole Voting Power	Shared Voting Power	Sole Dispositive Power	Shared Dispositive Power	Beneficial Ownership	Percentage of Class
Granite Global Ventures (Q.P.), L.P.	1,244,929	0	1,266,201	0	1,266,201	1,266,201	5.84	%

Granite Global Ventures, L.P.	21,272	0	1,266,201	0	1,266,201	1,266,201	5.84	%

Granite Global Ventures, L.L.C.	0	0	1,266,201	0	1,266,201	1,266,201	5.84	%

Granite Global Ventures III, L.P.	1,279,110	0	1,307,578	0	1,307,578	1,307,578	6.03	%

GGV III Entrepreneurs Fund, L.P.	28,468	0	1,307,578	0	1,307,578	1,307,578	6.03	%

Granite Global Ventures III, L.L.C.	0	0	1,307,578	0	1,307,578	1,307,578	6.03	%

Joel D. Kellman	0	0	2,573,779	0	2,573,779	2,573,779	11.86	%

Scott B. Bonham	0	0	2,573,779	0	2,573,779	2,573,779	11.86	%

Hany M. Nada	0	0	2,573,779	0	2,573,779	2,573,779	11.86	%

Thomas K. Ng	0	0	2,573,779	0	2,573,779	2,573,779	11.86	%

Jixun Foo	0	0	1,307,578	0	1,307,578	1,307,578	6.03	%

Glenn Solomon	0	0	1,307,578	0	1,307,578	1,307,578	6.03	%

Jenny Lee	0	0	1,307,578	0	1,307,578	1,307,578	6.03	%

Ray A. Rothrock	0	0	1,266,201	0	1,266,201	1,266,201	5.84	%

Anthony Sun	0	0	1,266,201	0	1,266,201	1,266,201	5.84	%

Item 6.	Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer
The information provided and incorporated by reference in Items 3, 4 and 5 is hereby incorporated by reference.
Other than as described in this Schedule 13D, to the best of the Reporting Persons’ knowledge, there are no other contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer.

Item 7.	Material to be Filed as Exhibits
Exhibit A – Joint Filing Agreement

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 5, 2008	GRANITE GLOBAL VENTURES (Q.P.) L.P.
	GRANITE GLOBAL VENTURES L.P.

	BY:	GRANITE GLOBAL VENTURES L.L.C.
	ITS:	GENERAL PARTNER


	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager


February 5, 2008	GRANITE GLOBAL VENTURES III L.P.
	GGV III ENTREPRENEURS FUND L.P.

	BY:	GRANITE GLOBAL VENTURES L.L.C.
	ITS:	GENERAL PARTNER


	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager


February 5, 2008	GRANITE GLOBAL VENTURES L.L.C.


	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager

February 5, 2008	GRANITE GLOBAL VENTURES III L.L.C.


	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager


February 5, 2008	By:	/s/ Ray A. Rothrock
		Ray A. Rothrock


February 5, 2008	By:	/s/ Anthony Sun
		Anthony Sun


February 5, 2008	By:	/s/ Scott B. Bonham
		Scott B. Bonham


February 5, 2008	By:	/s/ Joel D. Kellman
		Joel D. Kellman


February 5, 2008	By:	/s/ Hany M. Nada
		Hany M. Nada


February 5, 2008	By:	/s/ Thomas K. Ng
		Thomas K. Ng

EXHIBIT A

AGREEMENT

JOINT FILING OF SCHEDULE 13D

Pursuant to Rule 13d-1(k)(l) promulgated pursuant to the Securities Exchange Act of 1934, as amended, the undersigned agree that the attached Schedule 13D is being filed on behalf of each of the undersigned.

February 5, 2008	GRANITE GLOBAL VENTURES (Q.P.) L.P.
	GRANITE GLOBAL VENTURES L.P.

	BY:	GRANITE GLOBAL VENTURES L.L.C.
	ITS:	GENERAL PARTNER


	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager


February 5, 2008	GRANITE GLOBAL VENTURES III L.P.
	GGV III ENTREPRENEURS FUND L.P.

	BY:		GRANITE GLOBAL VENTURES L.L.C.
	ITS:		GENERAL PARTNER


	By:		/s/ Scott B. Bonham
			Scott B. Bonham
			Manager


February 5, 2008	GRANITE GLOBAL VENTURES L.L.C.

	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager


February 5, 2008	GRANITE GLOBAL VENTURES III L.L.C.

	By:	/s/ Scott B. Bonham
		Scott B. Bonham
		Manager


February 5, 2008	By:	/s/ Ray A. Rothrock
		Ray A. Rothrock


February 5, 2008	By:	/s/ Anthony Sun
		Anthony Sun


February 5, 2008	By:	/s/ Scott B. Bonham
		Scott B. Bonham


February 5, 2008	By:	/s/ Joel D. Kellman
		Joel D. Kellman


February 5, 2008	By:	/s/ Hany M. Nada
		Hany M. Nada

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

	SCHEDULE 13D

violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
(f) GGV, GGV QP, GGV III and GGV III Entrepreneurs are limited partnerships organized under the laws of the State of Delaware. GGV LLC and GGV III LLC are limited liability companies organized under the laws of the State of Delaware. Messrs. Joel D. Kellman, Hany M. Nada, Thomas K. Ng, Anthony Sun, Ray A. Rothrock and Glenn Solomon are citizens of the United States of America. Mr. Scott B. Bonham is a Canadian citizen. Mr. Jixun Foo and Ms. Jenny Lee are citizens of Singapore.

Item 3.	Source and Amount of Funds or Other Consideration
124,492,900 Ordinary Shares, in the form of ADS were purchased by GGV QP for an aggregate consideration of $3,588,252 of its working capital. 2,127,200 Ordinary Shares, in the form of ADS were purchased by GGV for an aggregate consideration of $61,312 of its working capital. 127,911,000 Ordinary Shares, in the form of ADS were purchased by GGV III for an aggregate consideration of $4,853,125.49 of its working capital. 2,846,800 Ordinary Shares, in the form of ADS were purchased by GGV III Entrepreneurs for an aggregate consideration of $107,460.25 of its working capital.
GGV, GGV QP, GGV III and GGV III Entrepreneurs received the funds through contributions of capital from their respective limited partners. No part of any purchase by the aforementioned entities was financed with borrowed funds.

Item 4.	Purpose of Transaction
The Reporting Persons acquired the securities in open market transactions for investment purposes with the aim of increasing the value of their investments.
Subject to applicable legal requirements, one or more of the GGV Entities may purchase additional securities of the Issuer from time to time in open market or private transactions, depending on their evaluation of the Issuer’s business, prospects and financial condition, the market for the Issuer’s securities, other developments concerning the Issuer, the reaction of the Issuer to the GGV Entities’ ownership of the Issuer’s securities, other opportunities available to the GGV Entities, and general economic, money market and stock market conditions. In addition, depending upon the factors referred to above, the GGV Entities may dispose of all or a portion of their securities of the Issuer at any time. Each of the GGV Entities reserves the right to increase or decrease its holdings on such terms and at such times as each may decide.
Other than as described above in this Item 4, none of the GGV Entities have any plan or proposal relating to or that would result in: (a) the acquisition by any person of additional securities of the Issuer or the disposition of securities of the Issuer; (b) an extraordinary corporate transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries; (c) a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; (d) any change in the Board of Directors or management of the Issuer, including any plans or proposals to change the number or terms of directors or to fill any existing vacancies on the Board of Directors of the Issuer; (e) any material change in the present capitalization or dividend policy of the Issuer; (f) any other material change in the Issuer’s business or corporate structure; (g) any changes in the Issuer’s charter, by-laws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any person; (h) a class of securities of the Issuer being delisted from a national securities exchange or ceasing to be authorized to be quoted in an inter-dealer quotation system of a registered national securities association; (i) a class of equity securities of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Exchange Act; or (j) any action similar to those enumerated above.

February 5, 2008	By:	/s/ Jixun Foo
		Jixun Foo

February 5, 2008	By:	/s/ Glenn Solomon
		Glenn Solomon

February 5, 2008	By:	/s/ Jenny Lee
		Jenny Lee