China-based Lianluo to take up a majority stake in Newegg, says report
Alexandria Chou, Taipei; Steve Shen, DIGITIMES

China-based mobile Internet service company Hangzhou Lianluo Information Technology (formerly Beijing Digital Grid Technology) plans to invest CNY1.77 billion (US$265.47 million) in cash to take up a 55.7% stake in US-based e-commerce operator Newegg,...

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