In his fascinating book, The Last Kings of Shanghai: The Rival Jewish Dynasties That Helped Create Modern China (Penguin), Jonathan Kaufman tells the little-known history of how two remarkable Sephardic families became major economic and political forces in China.
Originally from Baghdad, the Sassoons and the Kadoories established rival commercial empires during the 19th and 20th centuries in Shanghai and Hong Kong. For more than 175 years, these families profited greatly in shipping, commodities, textiles, real estate, and selling recreational and medicinal opium to the Chinese.