Taipei, June 8, 2011 (CENS)--Taiwantrade, Taiwan`s leading trade website operated by the government-funded Taiwan External Trade Development Council (TAITRA), has recently signed a cooperation pact with Newegg Inc., the second-largest online retailer in the United States, to help Taiwanese manufacturers to explore the online markets in the U.S.
Founded in 2001 Newegg has been growing very rapidly over the past decade. The company`s revenue reached only US$100 million in the first operating year, but shot up to a high of US$2.5 billion last year with the number of its registered customers growing to 14 million.
In the fourth quarter of 2010, Newegg intended to explore the market in Asia and looked for suitable partner in the region. Finally it decided to cooperate with Taiwantrade, and the two parties signed on June 3 a cooperation agreement to mutually explore the markets in Asia and the U.S.
http://news.cens.com/cens/html/en/ne...ner_36552.html
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