this post was submitted on 07 Feb 2026
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Newegg Commerce, Inc. (NASDAQ: NEGG) is a publicly traded company. It is majority-owned by a Chinese multinational technology firm. Key ownership details include:
Majority Shareholder: Hangzhou Lianluo Interactive Information Technology Co., Ltd. (also known as Liaison Interactive) owns approximately 54.5% to 57.4% of the company.
Founder Stake: Fred Chang, the company's founder and former CEO, retains a significant ownership stake of roughly 22.1%.
Significant Individual Shareholder: Vladimir Galkin owns about 22.5% of the shares.
Public Float: The remaining shares (approximately 11%) are held by the general public and institutional investors.
I didn't see bezos or mush in that list.
In a baby steps scenario, I'd count that as a marginal win.