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A subsidiary, subsidiary company, or daughter company [1] [2] [3] is a company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company.
A corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager.
A conglomerate is a combination of multiple business entities operating in entirely different industries under one corporate group, usually involving a parent company and many subsidiaries. Conglomerates are typically large and multinational corporations that manage diverse business operations across various sectors.
Often referred to as an umbrella or parent company, a holding company is a business entity that holds the controlling stock in one or more subsidiary companies. The holding company oversees its ...
The parent company–subsidiary company relationship is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001, which states: [6] A body corporate (in this section called the first body) is a subsidiary of another body corporate if, and only if: (a) the other body: (i) controls the composition of the first body's board; or
American corporate subsidiaries, companies that are owned or controlled by another company based in the United States, which is called the parent company, parent, or holding company. Subcategories This category has the following 43 subcategories, out of 43 total.
Through its various subsidiaries, PDD Holdings serves around 900 million users worldwide and handles 200 million parcels per day. In 2021 alone, PDD Holdings fulfilled a staggering 61 billion orders.
A company in which the holding company owns more than 50% voting shares or a "majority of share ownership" is known as a subsidiary. The holding company thus can also be referred to as the parent company at that stage.