SCHEDULE 13D


DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
3/8/2010


1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein and Andrew Dakos


2. CHECK THE BOX IF MEMBER OF A GROUP                  a[X]

                                                       b[]

3. SEC USE ONLY

4. SOURCE OF FUNDS
WC


5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e)                        []

6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________


7. SOLE VOTING POWER
880,978

8. SHARED VOTING POWER
342,317

9. SOLE DISPOSITIVE POWER
1,223,295
_______________________________________________________

10. SHARED DISPOSITIVE POWER

0

11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,223,295

12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES

[]
___________________________________________________________


13. PERCENT OF CLASS REPRESENTED BY ROW 11

23.08%

14. TYPE OF REPORTING PERSON

IA
_______________________________________________________

Item 1. SECURITY AND ISSUER

This Schedule 13D relates to the shares of Common Stock
of Hambrecht Asia Acquisition Corp.("HMAQF" or the "Issuer").
The principal executive offices of HMAQF are located at

13/F Tower 2
New World Tower
18 Queens Road Central
Hong Kong


Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors,
Phillip Goldstein, 60 Heritage Drive Pleasantville,
NY 10570 a principal of Bulldog Investors and
Andrew Dakos, Park 80 West,Saddle Brook, NJ 07663, also a principal
of Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed
investment advisors.

On January 31, 2007 the Acting Director of the Securities Division of the
Massachusetts Secretary of State (the Securities Division) filed a complaint
against Bulldog Investors, Messrs. Goldstein, Samuels, Dakos and Das and
certain related parties (the Bulldog Parties) alleging that they violated
Massachusetts law by making information about certain unregistered
investments available on their website and by sending material about such
investments to an individual who requested it.  On October 17, 2007 the
Secretary issued a cease and desist order based on the same allegations
and ordered that a fine be imposed on the Bulldog Parties of $25,000.
On November 15, 2007 the Bulldog Parties filed an appeal of the Secretary's
October 17, 2007 order in the Massachusetts Superior Court.  On February 12,
2009, the Massachusetts Superior Court upheld the Secretary's October 17,
2007 order. The Bulldog Parties further appealed the ruling of the
Massachusetts Superior Court to Massachusetts Appeals Court. On October 21,
2009 the Massachusetts Supreme Judicial Court, the state's highest court,
unilaterally transferred the case from the Massachusetts Appeals Court to
the Supreme Judicial Court, which will decide the appeal.


ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.

ITEM 4. PURPOSE OF TRANSACTION
A large block was purchased for investment purposes.

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the Form 10-K filed on January 22, 2010 there were 5,299,125 shares
of common stock outstanding as of 01/21/10 The percentage set forth in item 5
was derived using such number. Bulldog Investors, Brooklyn Capital Management
LLC., Phillip Goldstein and Andrew Dakos beneficially own an aggregate
of 1,223,295 shares of HMAQF or 23.08% of the outstanding shares.Power to
dispose of and vote securities resides either with Mr. Goldstein, Mr. Dakos
or with clients.

c) During the past 60 days the following shares of HMAQF were purchased:

Date:		        Shares:		Price:
3/08/2010		771,197		7.9845




d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.

e) NA

ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.


ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.


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

Dated: 3/17/2010

By: /s/ Phillip Goldstein
Name:   Phillip Goldstein

By: /S/ Andrew Dakos
Name:   Andrew Dakos