Qiao Xing Universal Resources, Inc. (Qiao Xing) is principally engaged the sale of telecommunication terminals and equipment, including cord and cordless telephone sets, in the People鈥檚 Republic of China; the production and sale of mobile phones and accessories in the People鈥檚 Republic of China, and the production and sale of molybdenum concentrates in the People鈥檚 Republic of China. It operates in two business segments: mobile phones and mining. The subsidiaries and equity joint ventures of the Company include Qiao Xing Mobile Communication Co., Ltd. (QXMC); China Luxuriance Jade Company Ltd (CLJC); Hui Zhou Qiao Xing Communication Industry Limited (QXCI); Hui Zhou Qiao Xing Property Limited (QXPL); Chifeng Sanchuan Mining Co., Ltd. (CSMC); Huizhou Taiherui Information Technology Co., Ltd (Taiherui); Chifeng Zhongtai Mining Company Ltd (Zhongtai); Chifeng Haozhou Mining Company Ltd (Haozhou) and Beijing VEVA Technology Co., Ltd.