Charoen pokphand

The company was founded in 1921 by two brothers, Ek Cho and Siyu wui Chia (Ek Chor and Siew Whooy Chia), who had emigrated from China two years earlier. Their company, originally called Chia Thai Co., imported seeds and vegetables from China, and later began exporting pigs and eggs to Hong Kong. By 1950, the company took the Thai name Charoen Pokphand, its scope of activity expanded to the production of animal feed; By the end of the 1950s, this had become the company's main focus. In 1960, the first overseas office was opened in Hong Kong and the export of mixed feed began , mainly to the PRC ^{[3] [1]} .

In 1970, the son of one of the founders, Dhanin Chearavanont, became president of Charoen Pokphand. Under his leadership, the company began introducing advanced technologies in Thailand to grow broiler chickens using hormones , antibiotics and special food formulas. For this, a joint venture with the American company Arbor Acres was created. In 1972, the company opened a plant for the production of animal feed in Indonesia , in 1973 began exporting chickens to Japan , and in 1976 - to Singapore . Success in the poultry industry contributed to the further diversification of Charoen Pokphand towards the production of convenience foods. In 1979, a subsidiary of Chia Tai Co. became the first company registered in the free economic zone of Shenzhen . By the early 1990s, Charoen Pokphand had about 200 subsidiaries in China, and it also became a partner in joint ventures with foreign companies that wanted to do business in the PRC, particularly for Honda . In Thailand, the company continued to expand the scope of activities, creating a joint venture for breeding ducks with another American company Avian Farms . In 1986, the company began research into captive shrimp breeding. By the end of the 1980s, the company's turnover reached $ 4 billion. In 1988, Charoen Pokphand founded Chester's Grill restaurant chain and Makro supermarket chain, which quickly became the leader in Thailand. In 1989, a joint venture was created with the Japanese company Meiji for the production of dairy products, and the rights to develop the 7-Eleven minimarket chain in Thailand were bought, and by the end of the 1990s, the number of stores of this network reached 1,000. Also in 1989, the company was founded for the production of polyvinyl chloride together with the Belgian Solvay . In 1990, the American telecommunications company TelecomAsia (TA) was founded with NYNEX (later Verizon Communications ), which began to develop a fiber-optic telephone network competing with the state-owned telephone company; in 1993, this company underwent an initial public offering on the stock exchange of Thailand . Some other subsidiaries of the group also became public: Charoen Pokphand Feedmill (feed), Siam Makro (supermarkets) and Vinythai (petrochemistry) on the Thai Stock Exchange, Hong Kong Fortune (construction) and CP Pokphand (Hong Kong representative) on the Hong Kong Stock Exchange , Shanghai Branch on the Shanghai Stock Exchange , Ek Chor China Motorcycle (a joint venture with Honda for the production of motorcycles) on the New York Stock Exchange . In 1994, the network of Lotus Supercenter shopping centers was established ^{[3] [1]} .

However, further diversification of the group was cut short [[Asian Financial Crisis | Asian Financial Crisis of 1997]]. TelecomAsia suffered the most from it, with only half of the 2.6 million lines subscribed to, 1997 ended TelecomAsia with $ 1.5 billion in debt. Charoen Pokphand sold part of its non-core assets, such as a stake in the Ek Chor Motorcycle and some telecommunications subsidiaries, as well as part of the network of Lotus shopping centers (bought by the British Tesco ). In 1999, 11 agribusiness subsidiaries were merged into the Charoen Pokphand Feedmill group. In 2000, Charoen Pokphand entered the mobile phone market in partnership with Orange and the e-commerce market by launching the Phantavanij platform and eMarketplace ^[3] . In 2003, Orange sold the majority (39% of the 49%) stake in TelecomAsia ^[4] , and the following year the Thai company was renamed True Corporation.

In 2013, Charoen Pokphand acquired HSBC's share in Chinese insurance company Ping An Insurance ^{[5] [6] [7]} . In 2014, the group exchanged stakes in the amount of about $ 1 billion with the Japanese trading company Itochu ^[8] , in partnership with it, in 2015 acquired a stake in the Chinese financial company CITIC (10% each) ^[9] .

Dhanin Chiaravanont ( Dhanin Chearavanont , ธ นิ น ท์ เจียร ว นนท์) - the chairman of the board and the chief executive officer ( CEO ) of the group, also heads several subsidiaries. Born on April 19, 1939 in Bangkok, the fourth, the youngest son of one of the co-founders of Charoen Pokphand Ek Cho ^[10] . Already at the age of 25, he began to play a leading role in the family company, and in 1970 he headed Charoen Pokphand ^[3] . At the beginning of 2018, Forbes estimated his fortune at $ 16.9 billion ^[11] , and the condition of the Chiaravanont family) at $ 36.6 billion (the fourth richest family in Asia) ^[12] .

Charoen Pokphand Foods

was founded in 1978 and is engaged in the production of animal feed, poultry farming and animal husbandry , meat processing, and aquaculture . It has subsidiaries in 17 countries, exports products to 40 countries. The company's shares are listed on the Stock Exchange of Thailand, for 2014 the company's turnover was BT 426 billion, net profit - BT 10.6 billion ^[13] , the number of employees was 23 thousand ^[14] . One of the world's largest producers of animal feed, poultry meat and shrimp. The home market accounts for about 30% of turnover, 6% for exports from Thailand, 64% for activities in other countries. Shares are listed on the Thailand Stock Exchange (ticker SPF) and are included in its main index, SET50.

CP ALL

is the main retail group company operating the 7-Eleven store chain. At the end of 2017, the network included 10 thousand stores (the largest in Southeast Asia by revenue), of which 44% are owned by the group, the rest are franchised . Also includes a network of supermarkets Siam Makro ^[15] . The turnover in 2016 amounted to $ 15 billion, the market capitalization for 2017 was $ 13 billion ^[16] , the number of employees was about 40 thousand. Shares are listed on the Thailand Stock Exchange (ticker CPALL) and are also included in the SET50 index.

True Corporation

- telecommunications unit of the group. The second largest mobile operator in Thailand (True Move) ^[17] , the largest broadband Internet operator, also provides other communication services. Shares are listed on the Thailand Stock Exchange (TRUE) and are also included in the SET50 index. Turnover in 2016 amounted to BT 124 billion, assets - BT ฿ 449 billion, the number of employees - 23 thousand ^[18] .

Ascend Group

is an e-commerce platform, separated in 2014 from True Corporation. In addition to Thailand, he also works in other countries of Southeast Asia and provides services such as electronic payments, storage facilities for online stores , data centers , venture financing, and others.