Newegg

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Based in the City of Industry (California), Newegg Inc. is an online retailer of a variety of items such as consumer electronics and computer hardware. 2005 saw them named as one of the top 10 retailers of the internet. This was due to their sales revenue in the year 2004 which brought to them just under $1 billion. 2005 saw them grow an additional 30% bringing up their annual sales to $1.3 billion. 2016 was the year, a Chinese tech company, namely, Liaison Interactive, acquired a majority stake in the company Newegg in a deal of investment. They soon went on to launch a few e-commerce sites around the years 2008, 2009- namely, NeweggMall.com, NeweggBusiness.com and Newegg.ca. The company went on to feature on the list of Forbes America’s Largest Private Companies. They ranked as no. 234. Upon launching Newegg Marketplace in the year of 2010, they were seen to exceed the landmark of $2.5 billion in revenue. Newegg is known to have around 2,500 employees. They are also known to sponsor various events, namely, PC gaming competitions (for titles such as Rome: Total War, Counter-Strike, Warcraft III) and other events pertaining to the technology industry. Circa 2005, they were also known to host contests where the contestants were required to submit pictures, directions etc. on how to personalize their own computers using esoteric functions and appearances. The name ‘Newegg’ was selected to signify new birth as well as unlimited potential. It was launched at a time when e-commerce was struggling thus, signifying new hope for it using the symbol.

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