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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
(Score: 3, Informative) by Anonymous Coward on Sunday October 16 2016, @05:38PM
Don't forget, Newegg is a leader in the fight against patent trolls [law360.com]. They don't meekly write a check to those rodents and ask them to go on to their next victim.