Taiwanese Firms Join US e-Venture

The Taiwan Economic News
Thursday, June 8, 2000 

Several Taiwan companies have joined up with U.S. investment bank Goldman Sachs to invest substantially in Best3C Inc., a U.S.-based business-to-business e-commerce venture.  Best3C, established in April 1999, provides a community portal, linking wholesalers and technology product manufacturers, with a reseller auction that would enable Taiwan's electronics manufacturers to distribute their products to resellers worldwide.

Taiwanese companies investing in the venture include the Mitac Group, Pacific Electric Wire & Cable, D-Link Corp., First International Computer and Bank SinoPac, said officials at the Taipei office of Goldman Sachs.

In addition, Best3C has secured contracts with more than 100 local electronics firms, including Acer Inc., Quanta Computer and Tatung Co., for participation in its B2B portal.

Best3C is expected to chalk up aggregate revenue of US$25 million this year, the officials said.

But its business is likely to increase substantially after Best3C expands its operations to include mainland China, Japan and Europe in the near future, said the U.S. investment bank.