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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* GRANITE GLOBAL VENTURES (Q.P.) L.P. (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/21/2007	3. Issuer Name and Ticker or Trading Symbol Hurray! Holding Co., Ltd. [ HRAY ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
American Depository Shares	2,573,779	I	Held by Limited Partnerships(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* GRANITE GLOBAL VENTURES (Q.P.) L.P. (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GRANITE GLOBAL VENTURES L.P. (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Granite Global Ventures L.L.C. (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Granite Global Venture III L P (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* GGV III Entrepreneurs Fund LP (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Granite Global Ventures III L.L.C. (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Bonham Scott (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Kellman Joel D (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Nada Hany (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Ng Thomas (Last) (First) (Middle) 2494 SAND HILL ROAD SUITE 100 (Street) MENLO PARK CA 94025 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. As of January 19, 2008, the beneficial ownership of the shares represented in Table 1 above includes 1,244,929 American Depository Shares (ADS) of the Issuer held by Granite Global Ventures (Q.P.) L.P., 21,272 ADS held by Granite Global Ventures L.P., 28,468 ADS held by GGV III Entrepreneurs Fund L.P., and 1,279,110 ADS held by Granite Global Ventures III L.P. (collectively,the "GGV Fund Entities"). 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.

2. Messrs. Scott B. Bonham, Joel D. Kellman, Hany M. Nada and Thomas K. Ng are members of the investment committees for Granite Global Ventures L.L.C. and Granite Global Ventures III, L.L.C. and each exercises shared voting and dispositive power over the shares held by the GGV Fund Entities. These individuals disclaim beneficial ownership of the shares held by these entities, except to the extent of their pecuniary interests therein.

Remarks:

Exhibit List Exhibit 99.1 - Joint Filer Information

	GRANITE GLOBAL VENTURES (Q.P.) L.P. By: Granite Global Ventures, LLC, its General Partner By:/s/ Scott B. Bonham Scott B. Bonham, Manager	02/05/2008
	GRANITE GLOBAL VENTURES L.P. By: Granite Global Ventures, LLC, its General Partner By:/s/ Scott B. Bonham Scott B. Bonham, Manager	02/05/2008
	GRANITE GLOBAL VENTURES L.L.C. By:/s/ Scott B. Bonham Scott B. Bonham, Manager	02/05/2008
	GRANITE GLOBAL VENTURES III L.P. By: Granite Global Ventures, LLC, its General Partner By:/s/ Scott B. Bonham Scott B. Bonham, Manager	02/05/2008
	GGV III ENTREPRENUERS FUND L.P. By: Granite Global Ventures III, LLC, its General Partner By:/s/ Scott B. Bonham Scott B. Bonham, Manager	02/05/2008
	GRANITE GLOBAL VENTURES III L.L.C. By:/s/ Scott B. Bonham Scott B. Bonham, Manager	02/05/2008
	By:/s/ Joel D. Kellman Joel D. Kellman	02/05/2008
	By:/s/ Hany M. Nada Hany M. Nada	02/05/2008
	By:/s/ Scott B. Bonham Scott B. Bonham	02/05/2008
	By:/s/ Thomas K. Ng Thomas K. Ng	02/05/2008
	** Signature of Reporting Person	Date
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