April 28, 2017 11:13 AM ET

Internet and Direct Marketing Retail

Company Overview of Newegg Inc.

Company Overview

Newegg Inc. owns and operates an online retail portal for electronic products in the United States. The company offers computer hardware products, computers and tablets, electronic products, software, gaming products, cell phones and accessories, home appliances, home living and improvement products, health and beauty products, automotive and industrial products, outdoor and garden supplies, office and point of sale products, sporting goods, watches and jewelry, apparel and accessories, toys, baby and pet products, and more. It allows users to interact with other computer, gaming, and consumer electronics enthusiasts through its site’s online tech community. The company serves corporations a...

9997 Rose Hills Road

Whittier, CA 90601

United States

Founded in 2001

2,168 Employees

Phone:

626-271-9700

Fax:

626-271-9403

Key Executives for Newegg Inc.

Co-Founder, Chairman, Global Chief Executive Officer and President of China
Age: 60
Chief Financial Officer and Chief Executive Officer of Newegg North America
Chief Operating Officer
Director, Chief Executive Officer of Newegg North America and Acting President of North America Operations
Age: 67
Vice President of Emerging Technologies and Acting President of Newegg.com.cn
Age: 51
Compensation as of Fiscal Year 2016.

Newegg Inc. Key Developments

Thrust UAV Taps Newegg for North American Sales and Distribution

Thrust UAV announced it will begin selling its products on Newegg.com. Newegg is one of the tech-focused online retailers with a customer base of technology enthusiasts and early adopters. Thrust UAV is selling the Riot 250R Pro racing drone on Newegg and will run multiple promotions throughout the holiday season leading up to the Christmas holiday. Releasing the Riot 250R Pro through Newegg lets Thrust UAV gain market exposure across North America, part of the company's core strategy of giving the ability to purchase and fly the Riot to as many people as possible. Having Newegg as a national sales platform sets up the Riot 250R Pro sales to grow over time during the holiday season and into 2017.

Newegg Announces Collaboration with FedEx

Newegg has announced a collaboration with FedEx to provide a new order-delivery option to more than 2,500 FedEx locations in the US. The collaboration will enable customers to order and hold packages for pick-up, allowing the packages to be stored securely at a specified location for free. Both companies involved in the transaction are based in the US.

Newegg Opens its First Hybrid Centre in Canada

Newegg announced to open its Hybrid Centre in Richmond Hill, Ontario on July 15. The facility the first of its kind in Canada is the company's latest move to better serve customers in the region. The Hybrid Centre serves a dual purpose - not only can customers pick up their will-call orders, but they can also explore the latest tech products or attend an educational seminar. The Hybrid Centre features everything from high-end VR gaming rigs to home automation systems. Some of the products on display are available exclusively through Newegg, many of which are making their North American debut at the Hybrid Centre. The new Hybrid Centre occupies 3,800 square feet of Newegg's 81,000-square-foot Richmond Hill facility, which includes a 67,000-square-foot warehouse that processes up to 2,000 orders daily. The remaining square footage is reserved for offices and other administrative use. The facility currently employs 12, with projected job growth of 30% expected annually.

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Recent Private Companies Transactions

Type
Date
Target
Private Placement
September 15, 2016
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