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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported): July 5, 2011


                                XcelMobility Inc.
             (Exact Name of Registrant as Specified in its Charter)

           Nevada                   333-160069                    98-0561888
(State or other jurisdiction       (Commission                  (IRS Employer
      of incorporation)            File Number)              Identification No.)

    2377 Gold Meadow Way, Suite 100
        Gold River, California                                      95670
(Address of Principal Executive Offices)                          (Zip Code)

       Registrant's telephone number, including area code: (916) 526-2662

          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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS

ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

     On July 5, 2011,  XcelMobility  Inc., a Nevada corporation (the "Company"),
entered into a voluntary  share exchange  agreement  (the "Exchange  Agreement")
with Shenzhen CC Power  Corporation,  a company  organized under the laws of the
People's  Republic  of China  ("CC  Power"),  CC  Mobility  Limited,  a  company
organized under the laws of Hong Kong ("CC Mobility") and the shareholders of CC
Mobility ("Selling Shareholders").

     Prior to the  consummation of the Exchange  Transaction (as defined below),
the Company is a public  reporting  "shell company," as defined in Rule 12b-2 of
the  Securities  Exchange  Act of  1934,  as  amended.  Following  the  Exchange
Transaction,  the  Selling  Shareholders  will  own  approximately  50.5% of the
Company's  issued and  outstanding  common  stock,  CC Mobility  will become the
Company's wholly owned subsidiary, and the Company will control the business and
operations of CC Power.

     The Exchange Agreement contains customary representations,  warranties, and
conditions to closing. The following  description of the terms and conditions of
the Exchange  Agreement and the  transactions  contemplated  thereunder that are
material to the Company  does not purport to be complete and is qualified in its
entirety by  reference  to the full text of the  Exchange  Agreement,  a copy of
which is attached  hereto as Exhibit 2.1 and is  incorporated  by reference into
this Item 1.01.

     Issuance of Common Stock. At the closing of the  transactions  contemplated
by the Exchange Agreement,  the Company will issue shares of its common stock to
the  Selling  Shareholders  representing  no less than  50.5% of the  issued and
outstanding  common  stock of the Company in exchange for 100% of the issued and
outstanding capital stock of CC Mobility (the "Exchange Transaction").

     Change in Management.  As a condition to closing the Exchange  Transaction,
Mr. Jaime  Brodeth will resign as  President,  Chief  Executive  Officer,  Chief
Financial  Officer and  Secretary of the Company,  but will continue to serve on
the Company's Board of Directors, and Mr. Moses Carlo Supera Paez will resign as
a  Director  of the  Company.  Prior  to or upon  the  closing  of the  Exchange
Transaction,  Mr.  Renyan  Ge and  Mr.  Ronald  Edward  Strauss,  currently  the
directors  and  beneficial  shareholders  of CC  Mobility,  will be appointed as
members  of the  Company's  Board of  Directors,  with Mr.  Strauss  serving  as
Chairman of the Board of  Directors.  In addition,  Mr.  Ronald  Strauss will be
appointed as the Company's Chief Executive Officer.

SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.

Exhibit No.                Exhibit Description
-----------                -------------------

   2.1        Share Exchange Agreement, dated July 5, 2011.

                                       2

                                    SIGNATURE

     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.

                                         XcelMobility Inc.,
                                         a Nevada Corporation


Dated: July 5, 2011                      /s/ Jaime Brodeth
                                         ---------------------------------------
                                         Jaime Brodeth
                                         President