About a month ago, Newegg announced that Hangzhao Liaison Interactive Information Technology Co., Ltd. has agreed to make a “significant investment” in their company. That is not a rumor; it was officially acknowledged by Newegg. Their press release doesn't really elaborate on the specifics of the deal, though, except to note that Liaison Interactive is interested in Newegg because of their position in the VR and AR market. Got to love the PC gaming ecosystem.
Well, this month, the rumors are claiming that Newegg was outright acquired by Liaison Interactive. The United Daily News is reporting that the deal was 17.7 billion yuan (which Google mis-translated to 1.77 billion yuan for me) for 55.7% of the online retailer. It's unclear how the other 44.3% is split up, but Newegg is said to become a subsidiary as a result of this transaction.
The UDN story also expands upon the “why” question that was loosely touched upon last month. I can't tell, especially with Google Translate stripping a lot of context, how much of this is speculation, but the report suggests that Liaison Interactive is interested in Newegg as an extension of its supply chain. That is, more easily get their products to end-users world-wide.
Interesting. We'll hopefully get a new press release soon.
Don’t know whether to be
Don’t know whether to be happy or sad at this news!
Any time the Chinese buy
Any time the Chinese buy something its bad news.
Ha ha! NewEgg was started by
Ha ha! NewEgg was started by Taiwanese, Fred Chang, so what’s the difference. Ha ha ha, you ain’t go no job.
The difference is that Taiwan
The difference is that Taiwan is not as authoritarian as China.
Believe me, the US doesn’t
Believe me, the US doesn’t have a better name than China in some places of the world. And I am not talking about wars and stuff, but about security and corruption.
Anyway, it’s just retail shops. In other countries governments are forced from organizations like the World Bank or IMF to sell to anybody with a big pocket the water supply of big cities. That’s way more serious.
@ Bobbi! I’m with you on that
@ Bobbi! I’m with you on that point.I guess it kind of shows us money rules over everything else in this world theses days!
newegg has been going
newegg has been going downhill anyways. used to have video reviews etc.
I do not think it is just
I do not think it is just for VR or anything, this is pure capital investment. still not sure where the capital comes from, definitely not from that company itself.
Liaison Interactive sounds
Liaison Interactive sounds like a vr porn company
Newegg has been falling off
Newegg has been falling off for years. Free shipping which was its intial claim to fame is gone. Prices have been creeping up for ages.
Yeah, sometimes I go there to
Yeah, sometimes I go there to look for something and the page looks like some cheap Shopify blog called Flash or something with jewelry and gas generators for sale instead of computer parts. Seems the good days are already gone.
Da hell are u talking about?
Da hell are u talking about? Free shipping hasn’t disappeared. I along with others I know have bought pc parts within the past 6 mnths from Egg and have not been charged shipping. Price wise…eh. Its still decent. The quick delivery and no tax being charged to me is Newegg’s claim to fame.
There is no way this ends up
There is no way this ends up being a good thing… RIP Newegg you will be missed.
what the hell is left? they
what the hell is left? they killed tiger… now newegg?
forced to submit to amazon? NO THANKS
I remember fondly the days of
I remember fondly the days of cross-shopping ZipZoomFly and Newegg. ZipZoomFly often had lower prices, but perhaps their prices were a bit too low considering how that worked out.
Dang, I haven’t thought about
Dang, I haven’t thought about ZipZoomFly in years! Loved that website. Used to buy a ton of parts from them.
I still get most of my
I still get most of my computer parts at NewEgg. Their prices are still at or near the lowest, and they are reliable.
Only negative thing I can think of is their packaging could be a little better, meaning more packing in the box to protect stuff.
Other than that, I hope this news won’t change anything. I’m not sure where I would end up getting parts, other than maybe Amazon.
New Egg lost me years ago.
New Egg lost me years ago. Trying to be amazon, except you have to be a paid member to get RMAs and their whole return policy has always sucked. Amazon beats the pants off of them.
amazon blows.
If you do any
amazon blows.
If you do any kind of volume newegg is the SHIT, free return labels straight to your inbox, no questions asked replacements…the list goes on.
The number translation was
The number translation was correct.
億 is 10^8 or 1_0000_0000 = 100_000_000.
Remember the Kei computer? It’s named because in Japanese,
10^16 is 1 kei or 1_0000_0000_0000_0000,
which may seem strange in English because
10^16 is 10 quadrillion or 10_000_000_000_000_000.
In US English, large numbers are named by powers of a 10^3:
one 1,
ten 10,
one hundred 100,
one thousand 1_000,
ten thousand 10_000,
one hundred thousand 100_000_000,
one million 1_000_000,
ten million 10_000_000,
one hundred million 100_000_000,
one billion 1_000_000_000,
etc.
In Far Eastern languages, large numbers are named by powers of 10^4.
一 1
十 10
一百 100
一千 1000
一萬 1_0000
十萬 10_0000
一百萬 100_0000
一千萬 1000_0000
一億 1_0000_0000
If an automatic translator is given a character like 億 by itself, it may use a literary translation rather than a mathematical translation, much as you might translate a phrase like “a million flies”, meaning “an uncountably large number of flies”, to a phrase using a large number common for such phrases in the target language.
Beware that automatic translators may sometimes make similar literary substitutions for currency names, translating the local currency into ‘dollar’ no matter what the relative values.
I remember when ZipZoomFly
I remember when ZipZoomFly was called GoogleGear. I used to check both sites before I purchased anything. Those were the good old days.
Just a rumor, but ii is a
Just a rumor, but ii is a good rumorObat preeklampsia Untuk Ibu Hamil , just wait and see Obat PCOS Agar Cepat Hamil