Newegg Inc. can be an American online retailer of items including computers and consumer electronics. It really is located in City of Industry, California. In 2016, Liaison Interactive (SZSE: 002280), a Chinese technology company, acquired many stake in Newegg within an investment deal.
Newegg booth at a LAN party event
The business was founded by Fred Chang, a U.S. immigrant from Taiwan, in 2001. Chang was Newegg’s chairman and CEO until August 1, 2008, when it had been announced he’d step down as CEO and chairman while remaining an associate of the board of directors and executive committee. He was succeeded by Tally Liu. Chang also retained his position as president of Newegg’s Chinese operations. This year 2010, after the departure of Liu, Chang used his old role as CEO of the business.
In 2004, Newegg established Rosewill, as a private-label reseller of computing and household products from many manufacturers.
In 2005, Newegg.com was named among the Internet’s Top 10 retailers by Internet Retailer Magazine, with 2004 sales earnings of slightly below $1 billion. Newegg.com grew yet another 30% in 2005, bringing gross annual sales to approximately $1.3 billion. Newegg launched NeweggMall.com in July 2008, Newegg.ca in October 2008, and NeweggBusiness.com in August 2009. In ’09 2009, it had been listed as No. 234 on the Forbes America’s Largest Private Companies list. It launched Newegg Marketplace this year 2010 and exceeded $2.5 billion in earnings that year. The business has a lot more than 1,500 employees.
Newegg also sponsors technology industry events and PC game tournaments for titles including Counter-Strike, Warcraft III and Rome: Total War. Newegg had a monthly case mod contest in 2005 where contestants submitted pictures, descriptions, and directions describing how exactly to personalize their computers with esoteric appearances and functions.
In November 2016, Newegg announced a fresh checkout feature that lets Newegg.com customers want to have their package held for pickup at among a lot more than 2,500 FedEx Corp. locations, including 1,800 FedEx shops.
In January 2017, Indiegogo and Newegg announced a partnership whereby Newegg provides select crowdfunding campaigns with social exposure; help with go-to-market and sales strategies; and advice about order fulfillment, shipping and logistical options to greatly help obtain products into customers’ hands quickly and efficiently.
IN-MAY 2017, Newegg formally rolled out Newegg Logistics, made to help B2C and B2B e-commerce sellers and other organizations streamline order fulfillment, shipment and returns.