section_path: Dutch trade and colonization in Asia/Rise of Dutch control over Asian trade in the 17th century
section_name: Rise of Dutch control over Asian trade in the 17th century
paragraph_text: Rise of Dutch control over Asian trade in the 17th century
  
  The Portuguese decline in Asia was accelerated by attacks on their commercial empire by the Dutch and the English, which began a global struggle over the empire in Asia that lasted until the end of the Seven Years' War in 1763. The Netherlands revolt against Spanish rule facilitated Dutch encroachment on the Portuguese monopoly over South and East Asian trade. The Dutch looked on Spain's trade and colonies as potential spoils of war. When the two crowns of the Iberian peninsula were joined in 1581, the Dutch felt free to attack Portuguese territories in Asia.
  
  By the 1590s, a number of Dutch companies were formed to finance trading expeditions in Asia. Because competition lowered their profits, and because of the doctrines of mercantilism, in 1602 the companies united into a cartel and formed the Dutch East India Company, and received from the government the right to trade and colonize territory in the area stretching from the Cape of Good Hope eastward to the Strait of Magellan.
  
  In 1605, armed Dutch merchants captured the Portuguese fort at Amboyna in the Moluccas, which was developed into the company's first secure base. Over time, the Dutch gradually consolidated control over the great trading ports of the East Indies. This control allowed the company to monopolise the world spice trade for decades. Their monopoly over the spice trade became complete after they drove the Portuguese from Malacca in 1641 and Ceylon in 1658.
  
  Dutch East India Company colonies or outposts were later established in Atjeh (Aceh), 1667; Macassar, 1669; and Bantam, 1682. The company established its headquarters at Batavia (today Jakarta) on the island of Java. Outside the East Indies, the Dutch East India Company colonies or outposts were also established in Persia (Iran), Bengal (now Bangladesh and part of India), Mauritius (1638-1658/1664-1710), Siam (now Thailand), Guangzhou (Canton, China), Taiwan (1624–1662), and southern India (1616–1795).
  
  Ming dynasty China defeated the Dutch East India Company in the Sino-Dutch conflicts. The Chinese first defeated and drove the Dutch out of the Pescadores in 1624. The Ming navy under Zheng Zhilong defeated the Dutch East India Company's fleet at the 1633 Battle of Liaoluo Bay. In 1662, Zheng Zhilong's son Zheng Chenggong (also known as Koxinga) expelled the Dutch from Taiwan after defeating them in the siege of Fort Zeelandia. (see History of Taiwan) Further, the Dutch East India Company trade post on Dejima (1641–1857), an artificial island off the coast of Nagasaki, was for a long time the only place where Europeans could trade with Japan.
  
  The Vietnamese Nguyễn lords defeated the Dutch in a naval battle in 1643.
  
  The Cambodians defeated the Dutch in the Cambodian–Dutch War in 1644.
  
  In 1652, Jan van Riebeeck established an outpost at the Cape of Good Hope (the southwestern tip of Africa, currently in South Africa) to restock company ships on their journey to East Asia. This post later became a fully-fledged colony, the Cape Colony (1652–1806). As Cape Colony attracted increasing Dutch and European settlement, the Dutch founded the city of Kaapstad (Cape Town).
  
  By 1669, the Dutch East India Company was the richest private company in history, with a huge fleet of merchant ships and warships, tens of thousands of employees, a private army consisting of thousands of soldiers, and a reputation on the part of its stockholders for high dividend payments.