Newegg Now Owned by Chinese Company

[Qicmee]

It will be interesting to see whether their products/brands change at all over the next few months.


- all below is pasted from link -
====================================
https://www.techpowerup.com/226777/n...hinese-company


Newegg Now Owned by Chinese Company
by Raevenlord Friday, October 14th 2016 06:25 Discuss
The Wall Street Journal's earlier report about an expected record-setting 2016 in regards to chinese investment in the United States was right. Newegg Inc., one of the most popular online tech-related retailers, is now reportedly owned by chinese company Hangzhao Liaison Interactive Information Technology Co., Ltd. (Liaison Interactive).

After September's reports of a significant investment from the Chinese company on Newegg, which would allow the California-based company to "accelerate the pursuit of the company's strategic initiatives" and into high-growth markets such as eSports, VR (Virtual Reality) and AR (Augmented Reality), it now appears that the investment was much more than a simple capital infusion: it was a bid towards controlling an effective majority in the American company's shares.

The deal, with a value estimated around 17.7 billion yuan (around 2.63 billion dollars; higher than some countries' GDP), will give Liaison Interactive control of 55.7% of the California-based company. As a result, Newegg thus becomes one of Liaison Interactive's subsidiaries.

The deal is expected to aid Liaison Interactive in bolstering its global competitiveness, allowing for a gigantic expansion into the American market. The company praised Newegg's recognizable brand and strong consumer confidence. Liaison Interactive expects Newegg to become an important part of the company's liquidity channel through its hardware and software offers, thus complementing the China-based company's product channels. As always, in the wake of this acquisition, changes are expected in Newegg's overall structure, in either its organization, personnel, business, financial and/or management fields.

[Apache Warrior]

When businesses get bought out by bigger businesses the changes are usually not to the consumers benefit.
Apache

[Rand{CLR}]

This hopefully won't make a difference, but we'll see.

It would be worse if it were a hardware deal. I won't buy anything made by Huawei since it was confirmed the company was installing spyware and backdoors through both the hardware and software.

-Rand

[Qicmee]

I imagine that control of Newegg operations puts them in a position to aggressively promote & price special products designed and produced by mainland China.

[K PhaNTOM]

Considering how 95% of their products are made in China, I don't see a problem. But that great return policy and price match will definitely take a hit.

Newegg's new return policy page just has this:


"YOU BREAK YOU BUY!!!"

[{CLR} Cobalt]

So who owns Micro Center. I just wish I lived closer than 2 hrs away.

[Sirex]

So who owns Micro Center. I just wish I lived closer than 2 hrs away.

That will be the North Korean's

[Qicmee]

So who owns Micro Center. I just wish I lived closer than 2 hrs away.

"Micro Electronics, Inc. (MEI) is a privately owned corporation headquartered in Hilliard, Ohio. Founded in 1979 by John Baker, it serves as the parent company of the computer retailer Micro Center, its online division Micro Center Online, and its brands PowerSpec PC, WinBook, and IPSG."