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Compared to the United States, the so-called "family business" has become deeply entrenched in a significant number of private enterprises in China.
Royal Dutch Petroleum was founded in 1890 with a special mandate from the Queen of the Netherlands, hence the name Royal Dutch Petroleum. In order to compete with Standard Oil of the United States, the largest oil company at the time, Royal Dutch Petroleum merged with the British Shell Transport and Trading Company in 1907 to form the Royal Dutch Shell Group.