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posted by martyb on Sunday October 16 2016, @04:12PM   Printer-friendly
from the putting-all-your-neweggs-in-one-basket dept.

Submitted via IRC for TheMightyBuzzard

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 Tech...

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.

Source: https://www.techpowerup.com/226777/newegg-now-owned-by-chinese-company


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  • (Score: 5, Insightful) by digitalaudiorock on Sunday October 16 2016, @05:26PM

    by digitalaudiorock (688) on Sunday October 16 2016, @05:26PM (#414902) Journal

    The "good" news is that they can't get much worse than they already are. As I've posted elsewhere, here's what I've run into with my recent experiences with those asshats:

    1. I still suffer through using the Firefox NoScript extension. No matter what I allow, the last two times I ordered, the checkout blew up because for some reason they're redirecting to some BS site. You end up with a submit button to continue that can also blow up, and even causes XXS vulnerability warnings. It does all this in a way that makes it almost impossible to know if you're order went though. The first time this happened I ended up with three orders and had to cancel two. So I guess newegg.com isn't big enough to handle fucking credit card billing themselves and do it correctly? What the hell are they up to?

    2. They've gone that awful Amazon-like route of whoring their name to third party sellers, where you have to be careful you're actually buying from newegg.com and not who-knows-who.

    3. Every time I buy from them lately I somehow get put of one the many newegg spam email lists, and it's all but impossible to get off those when it happens.

    Then again, maybe now they'll just start selling your credit card info to the highest bidder. That's about what it would take to get any worse.

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  • (Score: 1, Interesting) by Anonymous Coward on Sunday October 16 2016, @09:08PM

    by Anonymous Coward on Sunday October 16 2016, @09:08PM (#414952)

    Payments sometimes have to go via verified by visa and their implementers cardinal commerce or whatever. I guess they are not as big as Amazon to eat the fraud.

    I like shopping at Newegg because it is not Amazon, and it does not charge sales tax.

    • (Score: 1, Informative) by Anonymous Coward on Sunday October 16 2016, @09:35PM

      by Anonymous Coward on Sunday October 16 2016, @09:35PM (#414959)

      Newegg does charge sales tax if you live in one their states like California or Tennessee.

  • (Score: 3, Informative) by ngarrang on Sunday October 16 2016, @10:39PM

    by ngarrang (896) on Sunday October 16 2016, @10:39PM (#414999) Journal

    And I am on the other end of the spectrum. Through my workplace, I am a NewEgg Premier member. Between the free rush and free shipping on pretty much everything I order, I have never had any problems getting what I want that they sell. When something goes wrong with an item, like I ordered the wrong thing, or it arrived damaged/DOA, I have returned and gotten repayment or another item without any questions. I have never had a problem with using their web site and staying off of their mailing lists.

  • (Score: 1, Funny) by Anonymous Coward on Monday October 17 2016, @12:29AM

    by Anonymous Coward on Monday October 17 2016, @12:29AM (#415023)

    They could always add malware ads to the site to round off the experience.

  • (Score: 0) by Anonymous Coward on Monday October 17 2016, @05:02AM

    by Anonymous Coward on Monday October 17 2016, @05:02AM (#415100)
    The redirect shit is because you used visa.

    verifyed by visa is a clusterfuck
  • (Score: 2) by Magic Oddball on Monday October 17 2016, @08:07AM

    by Magic Oddball (3847) on Monday October 17 2016, @08:07AM (#415139) Journal

    Every time I buy from them lately I somehow get put of one the many newegg spam email lists, and it's all but impossible to get off those when it happens.

    If you haven't heard of it, the free/donation-supported SpamGourmet [spamgourmet.com] is an awesome way to avoid that problem. If you use the company name as part of the redirect (e.g. newegg.magicoddball@spamgourmet or amazon.magicoddball@spamgourmet) and spam starts showing up through it, it makes it pretty clear which assholes sold your info.

    (NOTE: my SG username isn't magicoddball.)