Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                       Pursuant to Section 13 or 15(d) of
                       the Securities Exchange Act of 1934

                                November 13, 2007
                Date of Report (Date of earliest event reported)

                                SOYO GROUP, INC.
             (Exact name of registrant as specified in its charter)

          Nevada                        333-42036               95-4502724
          ------                        ---------               ----------

(State or other jurisdiction     (Commission File Number)      (IRS Employer
    of incorporation)                                        Identification No.)

                            1420 South Vintage Avenue
                         Ontario, California 91761-3646
          (Address of principal executive offices, including zip code)

                                 (909) 292-2500
              (Registrant's telephone number, including area code)

          (Former name or former address, if changed since last report)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

[ ]  Written communications pursuant to Rule 425 under the Securities Act

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act

[ ]  Pre-commencement   communications  pursuant  to  Rule  14d-2(b)  under  the
     Exchange Act

[ ]  Pre-commencement   communications  pursuant  to  Rule  13e-4(c)  under  the
     Exchange Act

Item 8.01 Other Events

     In a letter to shareholders  dated September 10, 2007, Mr. Ming Chok, Chief
Executive Officer of SOYO Inc., stated  "Currently,  we are negotiating to raise
$5 million  cash which will be used as a bank  deposit to further  increase  our
borrowing capabilities."

Over the past 60 days,  the Company  has met with  several  potential  financing
sources.  The  Company  has been  unable to come to terms  with any third  party
funding   sources   that  would  not  be  dilutive  in  nature  to  the  current
shareholders.  Shareholder  value is of the utmost importance to Soyo Group Inc.
and  therefore as a result,  The Company has  suspended  any current  efforts to
raise  additional  capital at this time.  The Company  further  wishes to inform
shareholders that previously issued  projections for the 4th quarter will not be
effected.  As previously  stated, the Company believes it will reach $98 million
in 2007 revenues.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                            SOYO GROUP, INC.

Date:  November 13, 2007                    By:    /s/ MING CHOK
     -------------------                       ---------------------------
                                                   Ming Chok, CEO