Chapter

Cai and Qiu Enterprises 1730–1784

Paul A. Van Dyke

in Merchants of Canton and Macao

Published by Hong Kong University Press

Published in print December 2012 | ISBN: 9789888028917
Published online January 2013 | e-ISBN: 9789882208650 | DOI: http://dx.doi.org/10.5790/hongkong/9789888028917.003.0008
Cai and Qiu Enterprises  1730–1784

Show Summary Details

Preview

Cai Hunqua and Gau Semqua were partners who entered the trade in the early 1730s during the Tan Suqua and Tan Hunqua controversy. They traded out of the Yifeng Hang, which Semqua owned. Cai Hunqua and sons took care of most of the business with foreigners, while Semqua took care of the junk trade to Southeast Asia and dealt with Chinese agents in the interior. In 1758, the firm joined into alliance with two other houses, forming a formidable triple alliance that controlled upwards of 38 percent of the total trade in Canton. Cai Hunqua was the spokesman for the alliance and gained enormous influence over trade. When he died in 1770, the partnership was thrown into chaos, which eventually effected many changes in the way that the trade was managed and, in turn, brought the Yifeng Hang to its end.

Keywords: commerce; partnerships; bankruptcy; China

Chapter.  7722 words. 

Subjects: Asian History

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Hong Kong University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.