QXM Qiao Xing Mobile Communication Co., Ltd. Ordinary Shares

CUSIP No. G73031109
-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON DKR Capital Partners, LP
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [ ]
 (b) [x]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 -------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER
 Warrants to Purchase 3,627,186 Ordinary Shares
OWNED BY -------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER
 Warrants to Purchase 3,627,186 Ordinary Shares
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON

 Warrants to Purchase 3,627,186 Ordinary Shares
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.08%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON
 IA
-----------------------------------------------------------------------------


 Page 2

CUSIP No. G73031109
-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 DKR Oasis Management Company, LP
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [ ]
 (b) [x]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Delaware
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 -------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER

 Warrants to Purchase 3,627,186 Ordinary Shares
OWNED BY -------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING -------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER

 Warrants to Purchase 3,627,186 Ordinary Shares
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED

 Warrants to Purchase 3,627,186 Ordinary Shares
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)

 7.08%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON
 IA
-----------------------------------------------------------------------------


 Page 3

CUSIP No. G73031109
-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 DKR Soundshore Oasis Holding Fund, Ltd.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [ ]
 (b) [x]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 -------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER

 Warrants to Purchase 3,376,659 Ordinary Shares
OWNED BY
 -------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 -------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER

 Warrants to Purchase 3,376,659 Ordinary Shares
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED

 Warrants to Purchase 3,376,659 Ordinary Shares
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 6.62%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON
 OO
-----------------------------------------------------------------------------


 Page 4

CUSIP No. G73031109
-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 Cedar DKR Holding Fund, Ltd.
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [ ]
 (b) [x]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 Cayman Islands
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 -------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER

 Warrants to Purchase 250,527 Ordinary Shares
OWNED BY
 -------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 -------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER

 Warrants to Purchase 250,527 Ordinary Shares

-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON

 Warrants to Purchase 250,527 Ordinary Shares
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 0.52%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON
 OO
-----------------------------------------------------------------------------


 Page 5

CUSIP No. G73031109
-----------------------------------------------------------------------------
 (1) NAME OF REPORTING PERSON
 Seth Fischer
-----------------------------------------------------------------------------
 (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
 (a) [ ]
 (b) [x]
-----------------------------------------------------------------------------
 (3) SEC USE ONLY

-----------------------------------------------------------------------------
 (4) CITIZENSHIP OR PLACE OF ORGANIZATION
 United States
-----------------------------------------------------------------------------

NUMBER OF (5) SOLE VOTING POWER
 0
SHARES
 -------------------------------------------------------------

BENEFICIALLY (6) SHARED VOTING POWER

 Warrants to Purchase 3,627,186 Ordinary Shares
OWNED BY
 -------------------------------------------------------------

EACH (7) SOLE DISPOSITIVE POWER
 0
REPORTING
 -------------------------------------------------------------

PERSON WITH (8) SHARED DISPOSITIVE POWER

 Warrants to Purchase 3,627,186 Ordinary Shares
-----------------------------------------------------------------------------
 (9) AGGREGATE AMOUNT BENEFICIALLY OWNED
 BY EACH REPORTING PERSON

 Warrants to Purchase 3,627,186 Ordinary Shares
-----------------------------------------------------------------------------
 (10) CHECK BOX IF THE AGGREGATE AMOUNT
 IN ROW (9) EXCLUDES CERTAIN SHARES [ ]
-----------------------------------------------------------------------------
 (11) PERCENT OF CLASS REPRESENTED
 BY AMOUNT IN ROW (9)
 7.08%
-----------------------------------------------------------------------------
 (12) TYPE OF REPORTING PERSON
 IN
-----------------------------------------------------------------------------


 Page 6

CUSIP No. G73031109

ITEM 1(a). NAME OF ISSUER:
 Qiao Xing Mobile Communication Co., Ltd.

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
 CEC Building, 10th Floor,
 6 Zhongguancun South Street,
 Beijing F4 100086

ITEM 2(a). NAME OF PERSONS FILING:

 This statement is filed by the entities and persons listed below, all of
whom together are referred to herein as the "Reporting Persons":

 (i) DKR Capital Partners, L.P., a Delaware limited partnership
("DKR"), is a registered investment adviser and the managing general partner of
DKR Oasis Management Company, LP, a Delaware limited partnership (the
"Investment Manager"), which is the investment manager of DKR Soundshore Oasis
Holding Fund, Ltd. ("Soundshore Oasis") and Cedar DKR Holding Fund, Ltd.
("Cedar") with respect to the Ordinary Shares reported in this Schedule 13G.

 (ii) The Investment Manager, a Delaware limited partnership, is the
investment manager of Soundshore Oasis and Cedar with respect to the Ordinary
Shares reported in this Schedule 13G.

 (iii) Soundshore Oasis, a Cayman Islands exempted company, with respect
to Ordinary Shares owned by it.

 (iv) Cedar, a Cayman Islands exempted company, with respect to
Ordinary Shares owned by it.

 (vi) Seth Fischer ("Mr. Fischer") is responsible for the supervision
and conduct of all investment activities of the Investment Manager, including
all investment decisions with respect to the assets of Soundshore Oasis and
Cedar, including the Ordinary Shares reported in this Schedule 13G owned by such
investment funds.

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OF PERSONS FILING:

 The address of the principal business office of each of DKR and the
Investment Manager is 1281 East Main Street, Stamford, CT 06902. The address of
the principal business office of each of Soundshore Oasis and Cedar is c/o Codan
Trust Company (Cayman) Ltd., Cricket Square, Hutchins Drive, George Town, Grand
Cayman, KY1-1111. The address of the principal business office of Mr. Fischer is
c/o DKR Oasis (Hong Kong) LLC, Suite 2136, 21st Floor, The Center, 99 Queen's
Road Central, Central, Hong Kong SAR, P.R.C.

ITEM 2(c). CITIZENSHIP:

 DKR and the Investment Manager are Delaware limited partnerships.
Soundshore Oasis and Cedar are Cayman Islands exempted companies. Mr. Fischer
is a United States citizen.


 Page 7

CUSIP No. G73031109

ITEM 2(d). TITLE OF CLASS OF SECURITIES:
 Ordinary Shares.

ITEM 2(e). CUSIP NUMBER: G73031109

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO 13d-1(b) OR 13d-2(b) OR (c),
 CHECK WHETHER THE PERSON FILING IS A:

 (a) [ ] Broker or dealer registered under Section 15 of the Act;

 (b) [ ] Bank as defined in Section 3(a)(6) of the Act;

 (c) [ ] Insurance Company as defined in Section 3(a)(19) of the Act;

 (d) [ ] Investment Company registered under Section 8 of the
 Investment Company Act of 1940;

 (e) [ ] Investment Adviser registered under Section 203 of the
 Investment Advisers Act of 1940: see Rule 13d-1(b)(1)(ii)(E);

 (f) [ ] Employee Benefit Plan, Pension Fund which is subject to the
 provisions of the Employee Retirement Income Security Act of
 1974 or Endowment Fund; see Rule 13d- 1(b)(1)(ii)(F);

 (g) [ ] Parent Holding Company, in accordance with Rule
 13d-1(b)(ii)(G);

 (h) [ ] Savings Associations as defined in Section 3(b) of the Federal
 Deposit Insurance Act;

 (i) [ ] Church Plan that is excluded from the definition of an
 investment company under Section 3(c)(14) of the Investment
 Company Act of 1940;

 (j) ( ) Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

 IF THIS STATEMENT IS FILED PURSUANT TO Rule 13d-1(c), CHECK THIS BOX.
 [x]


 Page 8

CUSIP No. G73031109

ITEM 4. OWNERSHIP.

 DKR is a registered investment adviser and the managing general
partner of the Investment Manager, which is the investment manager of Soundshore
Oasis and Cedar with respect to which it has voting and dispositive authority
over the Ordinary Shares reported in this Schedule 13G. Mr. Fischer is
responsible for the supervision of all investment activities of the Investment
Manager, including all investment decisions with respect to the assets of
Soundshore Oasis and Cedar, and therefore may be deemed to be the beneficial
owner of the Ordinary Shares owned by such investment funds reported in this
Schedule 13G.

 Each of DKR, the Investment Manager and Mr. Fischer hereby disclaims
beneficial ownership of any such Ordinary Shares.

 A. DKR
 (a) Amount beneficially owned:
 Warrants to Purchase 3,627,186 Ordinary Shares
 (b) Percent of class: 7.08%
 (c) Number of shares as to which such person has:
 (i) sole power to vote or to direct the vote:
 0
 (ii) shared power to vote or to direct the vote: Warrants to
 Purchase 3,627,186 Ordinary Shares
 (iii) sole power to dispose or to direct the disposition of:
 0
 (iv) shared power to dispose or to direct the disposition of:
 Warrants to Purchase 3,627,186 Ordinary Shares

 B. Investment Manager
 (a) Amount beneficially owned:
 Warrants to Purchase 3,627,186 Ordinary Shares
 (b) Percent of class: 7.08%
 (c) Number of shares as to which such person has:
 (i) sole power to vote or to direct the vote: 0
 (ii) shared power to vote or to direct the vote:
 Warrants to Purchase 3,627,186 Ordinary Shares
 (iii) sole power to dispose or to direct the disposition of:
 0
 (iv) shared power to dispose or to direct the disposition of:
 Warrants to Purchase 3,627,186 Ordinary Shares

 C. Soundshore Oasis
 (a) Amount beneficially owned:
 Warrants to Purchase 3,376,659 Ordinary Shares
 (b) Percent of class: 6.62%
 (c) Number of shares as to which such person has:
 (i) sole power to vote or to direct the vote: 0
 (ii) shared power to vote or to direct the vote:
 Warrants to Purchase 3,376,659 Ordinary Shares
 (iii) sole power to dispose or to direct the disposition of:
 0
 (iv) shared power to dispose or to direct the disposition of:
 Warrants to Purchase 3,376,659 Ordinary Shares


 Page 9

CUSIP No. G73031109

 D. Cedar
 (a) Amount beneficially owned:
 Warrants to Purchase 250,527 Ordinary Shares
 (b) Percent of class: 0.52%
 (c) Number of shares as to which such person has:
 (i) sole power to vote or to direct the vote:
 0
 (ii) shared power to vote or to direct the vote:
 Warrants to Purchase 250,572 Ordinary Shares
 (iii) sole power to dispose or to direct the disposition of:
 0
 (iv) shared power to dispose or to direct the disposition of:
 Warrants to Purchase 250,572 Ordinary Shares

 E. Mr. Fischer
 (a) Amount beneficially owned:
 Warrants to Purchase 3,627,186 Ordinary Shares
 (b) Percent of class: 7.08%
 (c) Number of shares as to which such person has:
 (i) sole power to vote or to direct the vote: 0
 (ii) shared power to vote or to direct the vote: Warrants to
 Purchase 3,627,186 Ordinary Shares
 (iii) sole power to dispose or to direct the disposition of:
 0
 (iv) shared power to dispose or to direct the disposition of:
 Warrants to Purchase 3,627,186 Ordinary Shares

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
 Not applicable.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

 DKR is the managing general partner of the Investment Manager, which
is the investment manager of Soundshore Oasis and Cedar with respect to which it
has voting and dispositive authority over the Ordinary Shares reported in this
Schedule 13G. Mr. Fischer is responsible for the supervision and conduct of all
investment activities of the Investment Manager, including all investment
decisions with respect to the assets of Soundshore Oasis and Cedar, and
therefore may be deemed to be the beneficial owner of the Ordinary Shares owned
by such investment funds reported in this Schedule 13G.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
 THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
 Not applicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
 See Item 4.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
 Not applicable.

ITEM 10. CERTIFICATION. (if filing pursuant to Rule 13d-1(c))

 Each of the Reporting Persons hereby make the following
certification:

 By signing below each Reporting Person certifies that, to the best
of its knowledge and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and not held in connection with or as a participant in any transaction having
that purpose or effect.


 Page 10

CUSIP No. G73031109

SIGNATURES:

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

DATED: February 16, 2010 /s/ Barbara Burger
 -----------------------------------
 DKR CAPITAL PARTNERS, LP
 By Barbara Burger
 President and General Counsel

 /s/ Barbara Burger
 -----------------------------------
 DKR OASIS MANAGEMENT COMPANY, LP By DKR
 CAPITAL PARTNERS, LP,
 its managing general partner;
 By Barbara Burger President and
 General Counsel

 /s/ Barbara Burger
 -----------------------------------
 DKR SOUNDSHORE OASIS HOLDING FUND, Ltd.
 By Barbara Burger
 Director

 /s/ Barbara Burger
 -----------------------------------
 CEDAR DKR HOLDING FUND, Ltd.
 By Barbara Burger
 Director

 /s/ Seth Fischer
 -----------------------------------
 Seth Fischer


 Page 11