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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: 2) by butthurt on Monday October 17 2016, @03:23PM
There have been reports that the NSA's Office of Tailored Access Operations does such things. Cisco took them seriously enough to "ship boxes to vacant addresses" rather than customers' proper addresses. The pages I've linked below are marked "top secret."
https://www.techdirt.com/articles/20150320/08335930383/cisco-shipping-hardware-to-bogus-addresses-to-throw-off-nsa-intercept-and-implant-efforts.shtml [techdirt.com]
http://arstechnica.com/tech-policy/2014/05/photos-of-an-nsa-upgrade-factory-show-cisco-router-getting-implant/ [arstechnica.com]
http://www.spiegel.de/media/media-35669.pdf [spiegel.de]
Chinese ownership of a North American retailer selling in North America could make it convenient for the Chinese government to have the equipment modified before it's shipped.