trading done by the company for profiting : mercantile, barter system, paramountcy
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The Dutch East India Company, officially the United East India Company (Dutch: Vereenigde Oostindische Compagnie; VOC; Indonesian: Kompeni), was a megacorporation founded by a government-directed amalgamation of several rival Dutch trading companies (voorcompagnieën) in the early 17th century.[9][10] It was established on 20 March 1602, as a chartered company to trade with Mughal India[11] during the period of proto-industrialization,[12] from which 50% of textiles and 80% of silks were imported, chiefly from its most developed region known as Bengal Subah.[13][14][15][16][17] In addition, the company traded with Indianised Southeast Asian countries when the Dutch government granted it a 21-year monopoly on the Dutch spice trade. It has been often labelled a trading company (i.e. a company of merchants who buy and sell goods produced by other people) or sometimes a shipping company. However, the VOC was in fact a proto-conglomerate, diversifying into multiple commercial and industrial activities such as international trade (especially intra-Asian trade),[1][18][19][20][21][22] shipbuilding, and both production and trade of East Indian spices,[2] Indonesian coffee, Formosan sugarcane,[3][4] and South African wine.[5][6][7] The company was a transcontinental employer and a corporate pioneer of outward foreign direct investment at the dawn of modern capitalism. In the early 1600s, by widely issuing bonds and shares of stock to the general public,[f] VOC became the world's first formally listed public company.