Newegg was founded in 2000 by Fred Chang, a Taiwanese immigrant. The name was chosen because the egg is a traditional symbol of birth and unlimited potential. The name Newegg signified new hope for e-commerce during a time when e-commerce businesses were struggling.
Newegg is an online distributor of consumer electronics and computing products with about 18 million registered users in the United States, Canada, and China. The company sells personal computers, related components, cell phones, digital cameras, home appliances, networking devices, peripherals, DVDs, accessories, and software.
The company has been profitable every year since 2001, and in 2004 reached $1 billion in sales.
Newegg is #13 on the Internet Retailer Top 500 Guide 2012 Edition, #170 on the Forbes list of America’s Largest Private Companies, has 2,500 employees, and had $2.5 billion in revenue in 2011.