30 Mar 2017
DaHui advises Newegg Inc. on its equity sale to PRC-listed Company
California-based consumer electronics retailer Newegg, the second largest e-commerce company in North America, recently closed a 55% equity sale to Hangzhou Liaison Interactive Information Technology Co., Ltd. (SZSE: 002280) for a total value of US$250 million. The capital infusion from Liaison, an intelligent hardware producer, will enhance Newegg’s e-commerce capabilities in both the Chinese and North American markets while the companies’ partnership aims to progress business processes and product development. DaHui Lawyers represented Newegg as its PRC counsel, and the DaHui team for this transaction was led by managing partner Richard Ma.