US investment bank Goldman Sachs has unveiled investments in two Asian Internet companies, adding to its US$1 billion global technology portfolio.
Goldman Sachs (Asia) managing director Shirley Lin yesterday said the group had invested about $200 million in about 25 Asian technology companies, of which eight or nine were business-to-business Internet ventures.
The group has invested in 140 technology ventures worldwide, excluding telecommunications companies.
'Goldman Sachs has been investing in technology companies for the past 10 years, and in pure Internet companies since about three years ago,' she said.
Ms Lin was speaking after a launch ceremony for Rebound, an on-line consumer goods inventory exchange operator set up in October 1998.
Goldman Sachs is the largest institutional investor in the company.
Rebound provides an electronic inventory auction service that seeks to re-channel excess inventories at lower transaction costs than traditional trading methods.
