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Silicon Beach Report June 20: Hyperloop Transportation Technologies Partners With South Korea

L.A. Business Journal

Hyperloop Transportation Technologies Partners with South Korea, AEG invests in e-sports team Immortals, Chinese tech company invests $179 million in Newegg, and more.

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Newegg Sees Sales Record

socalTECH

Another Southern California-based ecommerce retailer is reporting that it had record breaking sales over the weekend, the traditional kickoff to the holiday buying season. City of Industry-based Newegg, which sells electronics and related items, said that Black Friday was the firm's biggest sales day, ever.

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NeweggBusiness Gets GSA Schedule Contract

socalTECH

Los Angeles-based online technology retailer Newegg reports this morning that its B2B subsidiary, NeweggBusiness , has been awarded a General Services Administration (GSA) Schedule contract. The company said the contract will enable it to grow its revenues from agencies of the U.S. government.

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