December 31, 2004
Newegg, one of the world's leading e-commerce companies, will set up a global product management center in Taiwan in order to reduce the distance between its Taiwanese suppliers and global customers. Approximately 80% of the products the e-tailer sells are manufactured in Taiwan or China. Newegg says that the center will help Taiwan's
IT manufacturers develop own-brand sales on its website.
Newegg's procurements in Taiwan are expected to reach
NTD 10 billion this year, and, with the establishment of this product management center, the company's Taiwanese procurements are forecast to exceed
NTD 50 billion over the next three years.
Founded in 2001, Newegg continues to enjoy rapid growth despite the bursting of the Internet economy bubble.
Figures compiled by US e-commerce magazine Hitwise show that Newegg achieved the sixth largest e-commerce sales volume in the US in November. The e-tailer is expected to earn
USD 1 billion in revenues this year.
Newegg's Taiwan subsidiary says that the value of Newegg's procurements in Taiwan have been increasing annually. Newegg has 150 suppliers in Taiwan, including ASUS, Gigabyte, Acer, and BenQ. In the first eleven months of the year, Newegg has placed procurement orders totaling
USD 20 million at ASUS,
USD 14 million at Acer and
USD 10 million at Gigabyte.
(Central News Agency, United Daily News, CENS)
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