The 1st AIBA President's Cup opened on Sunday in the Hsinchuang Stadium Taipei County in Sinjhuang City, Taipei. Only those who have qualified for the Beijing Olympics are eligible to participate. Many of the world's top boxers are participating in the event, which finishes on May 31, some using the tournament as a final hit-out prior to the Olympic Games in Beijing, China. A total of 126 boxers from 26 countries are competing across the 11 weight categories with the semifinals and finals to be held after Thursday's rest day on Friday and Saturday respectively.The Indian Contingent of 4 Olympic Qualified boxers had mixed fortunes at this prestigious run up to the Olympics. On the opening day ANTHRESH LALIT LAKRA lost to DMYTRO BULENKOV of Ukraine in the 57 kg category. Yesterday Jitender lost to Yunusov Anvar of Tajkistan on points 5:9 in a hard hitting exciting encounter. Dinesh Kumar is slated to meet ABBOS ATOEVE of Uzbekistan today, who is the current World Champion in 81 kgs category.Vijender’s victory against the Olympic Gold Medalist is all the more sweet revenge as he had lost a very close bout against Olympic Champion Bakhtiyar Artayev at the Doha Asian Games in December 2006 in the semi finals. Vijender was leading throughout the four rounds and Coach GS Sandhu was exuberant while describing Vijender’s victory. He stated that Vijender was as cool as a cucumber and flustered his famed opponent with deft movements and lightning fast straight punches and jabs to the front of the face and side of the body. The Kazakh could not read Vijender’s style and despite a last minute flurry and hectic trade of punches could not match Vijender in the Ring on 27 May 2008. Vijender now meets ANGKHAN CHOMPHUPHUANG of Thailand in the Semifinals on Friday.