Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

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

                                 January 3, 2008
                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 2.01 Disposition of Assets

SOYO Inc. reported to shareholders  today that on December 31, 2007, the Company
completed  the sale of all assets  related to the  Company's  VoIP  business  to
247MGI,  based in Miami,  Florida.  The sales price was $1,000,000 in restricted
stock.  The Company does not expect to recognize a material  gain or loss on the


     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: January 4, 2008                    By:   /s/ MING CHOK
     -------------------                       ---------------------------
                                               Ming Chok, CEO

Date: Jnauary 4, 2008                   By:    /s/ NANCY CHU
     -------------------                       ---------------------------
                                               Nancy Chu, CFO