Pankaj66. Newegg
Headquarters: City of Industry, CA
Bought By: Hangzhou Lianluo Interactive
Headquarters: China
Newegg has been serving the online computer hardware and electronics industry for almost two decades thanks to its founder, Fred Chang. The company did extremely well in its early years. Within four years of launching it had turned over 1 billion, growing year on year at an impressive rate. In 2012, it was right up there with Amazon.
In 2017, Hangzhou Lianluo Interactive bought the majority of the company in a deal. The specifics weren’t made available to the public, but given the valuation of the company, it’s likely Hangzhou paid a small price for the privilege.