This excerpt taken from the SOHU 8-K filed Feb 9, 2005.
Finally, our fifth business line of E-commerce
This was another good quarter for our e-commerce. We strongly believe in the long-term opportunity for e-commerce in China. At this early stage we are willing to sacrifice some gross margins for revenues to make our mark in this promising but still nascent online sector.
Before we move to the financial presentation, let me brief you on our operational progress:
I would specifically like to mention three of our recent operational highlights:
Now, Id like to give the floor to our Chief Financial Officer, Carol Yu, for a financial review.