The Charoen Pokphand Group (RTGS: Charoen Phokkhaphan) is a Thai conglomerate based in Bangkok. It is Thailand's largest private company and one of world's largest conglomerates. It consists of three core businesses that operate in agribusiness and food, retail and distribution, and the telecommunications industries with investments in over 30 countries, employing over 300,000 people.
It is the largest shareholder in the Chinese financial services corporation Ping An Insurance and a major shareholder in CITIC, a Chinese state-owned investment trust and the Japanese conglomerate Itochu. It owns controlling stakes in Charoen Pokphand Foods (CPF), the world's largest producer of feed, shrimp, and a global top three producer of poultry, pork, among other agricultural produces. It also operates Southeast Asia's largest retail business by revenue, with over 10,000 Seven Eleven stores and a leading cash and carry business through Siam Makro. In the telecommunications sector, CP Group subsidiary, True Group, is one of the largest telecom firms in Southeast Asia with over 25 million mobile customers.
With some 200 business subsidiaries in Mainland China, CP Group is known in China as "Zhèng Dà" (??). When China opened up its economy in 1978, the CP Group was the very first foreign investor in the country and became the first foreign company registered in the special economic zone of Shenzhen, Guangdong. The company is the single largest investor in Mainland China today commanding over fifth of China's entire feed meal market. The corporate registration number was "0001." Through its extensive investments, CP Group has been credited with changing the country's dietary habits and leading China's green revolution.
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The following is an excerpt from an article published by IPS-Inter Press Service:
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Blue whiting:
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