We announced our Q1 Earnings Results this morning in Hong Kong. Growth was robust for Alibaba.com in the first full quarter since the IPO in November 2007. "The credit crisis and slowing US economy is creating pressures on the global trade environment. Nevertheless, buyer activity on our international marketplace continued to increase during the period. We are actively monitoring the situation and will take proactive steps to minimize the potential impact from any downturn of the US economy by continuing to develop our fast growing China marketplace, focusing on industries and regions less likely to be affected and increasing our geographic expansion. We believe that with our management focus on rolling out these new initiatives, we are well positioned to meet the challenges ahead and will continue to deliver good results," David Wei (CEO of Alibaba.com) explained. For the full Q1 2008 Results Report, click here.