Newegg Gets Investment From Hangzhao Liaison Interactive

Los Angeles-based online technology retailer Newegg announced late Thursday that it has received a "significant" investment from Chinese company Hangzhao Liaison Interactive Information Technology Co., Ltd. . Size of the investment was not announced. Newegg said that it will use the new funding for its strategic initiatives, including international expansion, broadened product offerings, and expansion into areas such as eSports, virtual reality, and augmented reality.