Dashang

A dashang (Chinese: 大商; pinyin: dàshāng; lit. Big business) is a large company (usually a conglomerate) that is controlled by one or more families in Tseng. Some of these dashangs have been influenced by , which means that many Tsengian dashangs have interlocking business relationships and shareholdings (basically an informal business group).

Dashang influence is immense and controversial in Tseng. 50% of all companies in Tseng is owned by a dashang. Dashang family members are also influential in politics, for example, Jacob Chai of the Chai family served as Minister of Education from 2011 to 2016.

History
The first dashang, Kuang Holdings, was founded in colonial Tseng in 1935. The word dashang, however, is much newer, being coined by economist and journalist Xavier J. Dong in a Zengdao Jingjibao report that was published on February 10, 1984.

During the 1970s and 1980s, although Tseng was rich and developed, many of these dashangs were not allowed to "surpass" the government in revenue or, more commonly, by influence. People like C.F. and Mary Kuang and Pacôme Saint-Pierre were killed as a result due to their wealth and power. When the country became free-market in the 1990s, more dashangs were created. As Tseng was relatively unhit by the, many dashangs continued to thrive.

Structure
A dashang can be described as a cross between a and. Many of these families are allied and they own several conglomerates and groups. Dashangs also have elements of Japanese, such as having advantages in international trade, for example having extensive risk management capabilities in that they trade in many markets, keep balances in many foreign currencies and can generate captive supply and demand for their own operations, and having large-scale in-house market information systems which give them economies of scale in pursuing new business opportunities.

Dashangs are notable for being that some conglomerates are owned by mutiple families. A notable example is Kuang Holdings. 90% of the company is owned by the Guangs, and 10% is owned by the Chens.

List of notable dashangs
The top 5 dashangs as of 2021.

Other noteable dashangs include Yi Group and Huoxing Group.