October 23, 2014 7:53 AM ET

Internet and Catalog Retail

Company Overview of Newegg Inc.

Company Overview

Newegg Inc. operates as an e-retailer that focuses on electronics products in the United States. It offers a range of computer hardware and consumer electronics products, including ultrabooks and tablets, PCs and laptops, electronics, software, gaming, and cell phones. The company also provides apparel and accessories, arts and crafts, automotive products, beauty supplies, baby products, health and wellness supplies, home improvement and living products, jewelry, office products and point of sale products, outdoor and garden supplies, pet supplies, sporting goods, toys and hobbies, watches, gift cards, and more. It serves the online technology community, ranging from tech-enthusiasts to smal...

16839 East Gale Avenue

City of Industry, CA 91745

United States

Founded in 2001

2,168 Employees

Phone:

626-271-9700

Fax:

626-271-9403

Key Executives for Newegg Inc.

Co-Founder
Age: 58
Chief Financial Officer and Chief Executive Officer of Newegg North America
Chief Operating Officer
Director
Age: 65
Vice President of Emerging Technologies and Acting President of Newegg.com.cn
Age: 49
Compensation as of Fiscal Year 2014.

Newegg Inc. Key Developments

Newegg Inc. Opens New Digital Signage Category Store

Newegg Inc. announced the addition of its Digital Signage Category, a destination for the digital signage equipment, including monitors, kiosks, commercial displays, media players and related components. Newegg's Digital Signage Category brings together display products from brands like Samsung, LG, NEC, ViewSonic and Planar; media players from brands like BrightSign, Shuttle Computer, Gefen and Black Box; kiosk brands such as Astar and Kontech; and Intel digital signage software (Intel RCM) in an online storefront designed to help customers find and purchase the best equipment for their installations. The Newegg Digital Signage Category serves this growing customer need by offering more than 250 digital signage products and accessories from 22 manufacturers at launch. In the coming months, Newegg will expand the category to include even more products and vendors.

Asana, Canon Inc., Dropbox, Google, Newegg and SAP Announce Formation of Cooperative Patent-Licensing Agreement

Asana, Canon Inc., Dropbox, Google, Newegg and SAP announced the formation of the License on Transfer (LOT) Network, a cooperative patent-licensing agreement that will cut down on patent troll litigation and the growing practice of patent privateering. The LOT agreement is a new kind of royalty-free cross-license meant to address these growing systemic problems. Member companies receive a license when the patents are transferred out of the LOT group. That means that companies retain their right to enforce a patent so long as they retain ownership of it. However, as soon as it is sold, a license to the other members becomes effective, protecting them from attacks by the troll to which the patent was sold. The agreement includes several other provisions that preserve a patent portfolio's value, including carve-outs for certain M&A transactions and change of control. The initial members of the LOT Network range from early-stage startups to established technology companies. Together they own almost 300,000 patent assets, generate more than $117 billion in revenue and employ more than 310,000 people.

Newegg Partners with BitPay to Add Bitcoin Payment Option

Newegg announced a partnership with BitPay to accept bitcoin payments on Newegg.com. The company's more than 25 million registered customers can now pay for more than 10.5 million products including electronics, computers, game consoles and household items using bitcoin through BitPay. Newegg's acceptance of bitcoin payments adds yet another convenient and secure way for its customers to fulfill their e-shopping needs.

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