China National Tobacco

China National Tobacco Corporation (CNTC) is the world's largest tobacco company and a dominant player in the Fortune Global 500. As a state-owned monopoly, it controls over 90% of China's tobacco market, producing and distributing cigarettes exclusively for the world's largest smoking population. With annual revenues surpassing $200 billion, CNTC operates an extensive supply chain from tobacco farming to retail distribution. While highly profitable, the company faces growing public health pressures as China implements stricter smoking regulations. Its unique position reflects the tension between economic contributions and public health responsibilities in the tobacco industry.