The CEO of Alibaba.com. David Wei said although the credit market turmoil and slowing U.S. economy is creating an increasingly difficult trading environment, buyer activity on the international marketplace still persist.

Wei commented: “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.""""