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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: 2) by darkfeline on Monday October 17 2016, @06:34AM

    by darkfeline (1030) on Monday October 17 2016, @06:34AM (#415118) Homepage

    How do you buy electronics then? Drive to the first factory handling raw materials, tour the facilities, accompany the parts as they go through the manufacturing process and a number of other factories. before plucking the final product fresh off the final assembly line?

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  • (Score: 0) by Anonymous Coward on Monday October 17 2016, @11:24AM

    by Anonymous Coward on Monday October 17 2016, @11:24AM (#415163)

    I go to a physical store and buy it. At least that way I only get the generic embedded malware, and not the special stuff that the NSA are specifically targetting at ME!