China-based Lianluo to take up a majority stake in Newegg, says report

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, according to a China-based Beijing Business Today report.

from DIGITIMES: IT news from Asia http://ift.tt/2dw6GX8
via Yuichun