Founder. Entrepreneur. Investor. Author.

Duncan Clark

Duncan is a leading advisor on technology, finance and entrepreneurship. He has unique insights into the future shape of global innovation based on experience of over thirty years working in Asia.


Starting as an investment banker with Morgan Stanley in London then Hong Kong, Duncan founded leading technology investment advisory firm BDA China ( where he has served as Chair since its establishment in 1994.  An early advisor to leading China Internet entrepreneurs, Duncan is author of ‘Alibaba: The House That Jack Ma Built’, the definitive work on China’s e-commerce and technology giant, its founder Jack Ma, and the forces and people that propelled its rise.  Published in 2016 in English by HarperCollins, ‘Alibaba’ was named Book of the Year by The Economist magazine and short-listed for ‘Business Book of the Year’ by the Financial Times/McKinsey and has been released in over thirty five languages around the world.

The divergence between China and the West in geopolitics and technology has led to increasing calls for "decoupling" or "derisking". With his network of relationships with policy makers and analysts in the US, UK, France and beyond, Duncan is engaged with key stakeholders to assess the extent of the divergence ahead in key areas such as semiconductors, artificial intelligence and quantitative computing - and how this will shape all of our futures.

A senior policy advisor to institutional investors, corporations and governments, Duncan is a cofounder or early stage investor of a number of technology ventures including (invested by Sequoia, formerly known as AppAnnie), Radish Fiction (sold for USD 0.44 billion to South Korean Internet giant Kakao) and Story Protocol, a new Silicon Valley venture backed by a16z.

A UK citizen raised in the UK, US and France, Duncan is fluent in Chinese, French and conversant in Spanish and Japanese.




Alibaba: The House That Jack Ma Built Hardcover

by Duncan Clark

An engrossing, insider’s account of how a teacher built one of the world’s most valuable companies—rivaling Walmart & Amazon—and forever reshaped the global economy.

In just a decade and half Jack Ma, a man from modest beginnings who started out as an English teacher, founded and built Alibaba into one of the world’s largest companies, an e-commerce empire on which hundreds of millions of Chinese consumers depend. Alibaba’s $25 billion IPO in 2014 was the largest global IPO ever. A Rockefeller of his age who is courted by CEOs and Presidents around the world, Jack is an icon for China’s booming private sector and the gatekeeper to hundreds of millions of middle class consumers...