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Notes on the Geography of China: Shanghai:The Bund: Photo 10

world pictures China: Shanghai:The Bund

The Shanghai Foreign Trade Building, built in 1920 for one of the most famous British companies operating in China. Founded in 1832 by two Scotsmen in Canton, the company soon was shipping tea to England. In 1841 it was the first buyer of land in Hong Kong, and in 1844 it came to Shanghai. By the 1850s it was running steamships to India; by the 1870s it was building a railroad inland from Shanghai to Wuhan. In 1898 it helped establish Hong Kong's Star Ferry. Its headquarters were in Shanghai from 1912 until the forced move to Hong Kong after the Communist takeover. Since then, it's operated hotels, beginning with the Mandarin Oriental in Hong Kong in 1963. It also holds franchises for 7-11 and Pizza Hut. It quit the shipping business in 1984 and, with the Chinese takeover of Hong Kong, has moved its headquarters to Bermuda. Figured it out yet? Answer: Jardine Matheson and Company.

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