Newegg has been bought

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PC enthusiasts are advised, Newegg is apparently now owned by the Chinese. As of September, it has been reported that a significant investment in the California-based company has been purchased by the Chinese company, Liaison Interactive. This follows other investments made in 2016 from other Chinese companies, as reported by the Wall Street Journal.

The deal has been said to have an estimated value of around 17.7 billion yuan, which equates roughly to around 2.63 billion dollars.

“Newegg is the destination of choice for technology enthusiasts who aspire to live a digital lifestyle,” said Danny Lee, Newegg CEO. “This investment enables Newegg to further cement its leadership position, while accelerating into high-growth categories increasingly vital to our business in the long term.”

Newegg is well known as the tech-oriented version of amazon, which makes it the usually go to stop for tech junkies and PC gamers alike.

Are you surprised by this news? Does this change your faith in the company? Or are you excited about what could be in-store (pun intended) for the future with the company?

Leave your thoughts down below!

Newegg Inc. is the leading electronics-focused e-retailer in the United States. It owns and operates Newegg.com  which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 28 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site’s online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California. The Newegg Hybrid Center is located at 18045 Rowland St., City of Industry, CA 91748

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About The Author

An avid Tech enthusiast who thoroughly enjoys all things tech, from its practical applications to its sheer amusement value. He has well over a decade's work experience with computer hardware in multiple tech fields. A computer gamer at heart, following the latest applications in technology is a fond hobby he thoroughly enjoys.