[RELASE] tag 0.7 release (#2247)
diff --git a/NEWS.md b/NEWS.md
index c7516f3..e611219 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,7 +1,9 @@
 MXNet Change Log
 ================
+## in progress version
 
-## next release candidate
+## v0.7
+-  0.6 is skipped because there are a lot of improvements since initial release
 - More math operators
   - elementwise ops and binary ops
 - Attribute support in computation graph
@@ -29,6 +31,7 @@
   - [Detection](https://github.com/dmlc/mxnet/tree/master/example/rcnn), RCNN bt @precedenceguo
   - [Segmentation](https://github.com/dmlc/mxnet/tree/master/example/fcn-xs), FCN by @tornadomeet
   - [Face identification](https://github.com/tornadomeet/mxnet-face) by @tornadomeet
+  - More on the example
 
 ## v0.5 (initial release)
 - All basic modules ready
diff --git a/R-package/DESCRIPTION b/R-package/DESCRIPTION
index 001289a..cc738d9 100644
--- a/R-package/DESCRIPTION
+++ b/R-package/DESCRIPTION
@@ -1,7 +1,7 @@
 Package: mxnet
 Type: Package
 Title: MXNet
-Version: 0.5
+Version: 0.7
 Date: 2015-12-23
 Author: Tianqi Chen, Qiang Kou, Tong He
 Maintainer: Qiang Kou <qkou@umail.iu.edu>
diff --git a/docs/conf.py b/docs/conf.py
index 2a3acbf..b0f85b1 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -55,6 +55,8 @@
 }
 os.environ['MXNET_BUILD_DOC'] = '1'
 # Version information.
+version = '0.7.0'
+release = '0.7.0'
 # import mxnet
 # version = mxnet.__version__
 # release = mxnet.__version__
diff --git a/python/mxnet/libinfo.py b/python/mxnet/libinfo.py
index 73467f5..6cf82d8 100644
--- a/python/mxnet/libinfo.py
+++ b/python/mxnet/libinfo.py
@@ -37,4 +37,4 @@
 
 
 # current version
-__version__ = "0.5.0"
+__version__ = "0.7.0"