computer science

Newegg

Newegg is a computer science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Newegg rather than just read about it. In short: Newegg Commerce, Inc. is an American online retailer of computer hardware, consumer electronics, and related technology products, headquartered in Diamond Bar, California. Founded in 2001 by Fred Chang, it grew into one of the largest techology-focused e-commerce retailers in North America, known for its enthusiast and PC-builder customer base and its private-label brands Rosewill and ABS.

Key takeaways

Newegg belongs to computer science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Newegg to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Newegg from memory before moving on to harder problems.

Reference excerpt

Newegg Commerce, Inc. is an American online retailer of computer hardware, consumer electronics, and related technology products, headquartered in Diamond Bar, California. Founded in 2001 by Fred Chang, it grew into one of the largest techology-focused e-commerce retailers in North America, known for its enthusiast and PC-builder customer base and its private-label brands Rosewill and ABS. The company operates a first-party online store and a third-party marketplace, and has expanded beyond computer components into consumer electronics, gaming, home appliances, automotive, and lifestyle technology, alongside business-to-business and logistics services.

History

Early years and growth

The company was founded by Fred Chang, a U.S. immigrant from Taiwan, in 2001. "Newegg" was selected as the company name to signify new hope for e-commerce during a period when e-commerce businesses were struggling to survive. Between 2001 and 2004 Newegg grew fast and was already profitable. In 2004, Newegg established Rosewill as a private-label reseller of computing and household products from many manufacturers. In 2005, Newegg.com was named one of the Internet's Top 10 retailers by Internet Retailer Magazine, with a 2004 sales revenue of just under $1 billion. Newegg.com grew an additional 30% in 2005, bringing annual sales to approximately $1.3 billion. Newegg launched NeweggMall.com in July 2008, Newegg.ca in October 2008, and NeweggBusiness.com in August 2009. In 2009, it was listed as No. 234 on Forbes America's Largest Private Companies list. Chang had been Newegg's chairman and CEO until August 1, 2008, when it was announced he would step down as CEO and chairman while remaining a member of the board of directors and executive committee. He was succeeded by Tally Liu. Chang also retained his position as president of Newegg's Chinese operations.

Attempted 2009 IPO and Newegg Marketplace On September 28, 2009, Newegg Inc filed for an IPO (initial public offering) with the U.S. Securities and Exchange Commission. The filing stated that Newegg has been profitable every year since 2001 and generated sales of $2.1 billion in 2008. The company's largest outside shareholder is New York-based venture-capital firm Insight Venture Partners. The IPO was managed by JP Morgan, Bank of America, Merrill Lynch, and Citi. In 2011, the company withdrew its registration for filing for an IPO, saying it would continue to explore alternative options for funding. It launched Newegg Marketplace in 2010 and exceeded $2.5 billion in revenue that year. The company has more than 1,500 employees. In 2010, Liu departed, and Chang became CEO again. In 2020, Anthony Chow took the reins as Newegg CEO.

Subsequent expansion On June 15, 2017, during London Tech Week, Newegg announced a global expansion plan to serve key parts of Asia Pacific, Europe, Latin America, and the Middle East. Once complete, the online retailer is expected to reach customers in a total of 50 countries. On November 2, 2017, the company announced key global milestones, including localized payment options, enhanced customer service, and a greater product selection for its international customers.

Liaison Interactive buyout and SPAC merger In 2016, Hangzhou Liaison Interactive Information Technology Co. (SZSE: 002280), a Chinese technology company, acquired a majority stake in Newegg in an investment deal. In 2020, Newegg entered into a merger agreement with Beijing, China based Lianlou Smart Limited (NASDAQ: LLIT), a Chinese special-purpose acquisition company, wherein Newegg stockholders became majority owners of LLIT. Following the consummation of the merger, Newegg was listed as a publicly traded company on Nasdaq (NASDAQ: NEGG) in May 2021 as Newegg Commerce, Inc.

… excerpt ends here. Continue reading the full article.

Illustrations

Worked examples

Example 1 — a first encounter with Newegg

Start with the simplest possible case. Write down what Newegg claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In computer science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Newegg before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Newegg ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Newegg

In research: Newegg appears in computer science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Newegg in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Newegg is common in secondary-school and first-year university syllabi. It links to neighbouring topics 2001 establishments in California, American companies established in 2001, Companies based in the City of Industry, California, so understanding it makes those chapters shorter.
In everyday life: Look for Newegg outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Newegg in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Newegg means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Newegg out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Newegg in simple terms?

Why does Newegg matter?

Because it connects several computer science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Newegg?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Newegg.