Duncan Clark
    Chairman
    Duncan draws on three decades advising investors in technology and innovation in Asia as Chairman of BDA (www.bda.com) an investment advisory firm he founded in 1994 after four years as an investment banker with Morgan Stanley in London and Hong Kong. BDA is opening a new Asian HQ in January 2026 in Singapore.

    An early advisor to China's Internet founders  including Jack Ma, Duncan's 2016 book 'Alibaba: The House That Jack Ma Built' chronicled the rise of China's Internet sector and entrepreneurial class and was named Book of the Year by The Economist and short-listed for Business Book of the Year by the Financial Times/McKinsey.   

    In Japan, Duncan serves on the Advisory Board of Japan Activation Capital, is Adjunct Researcher at the newly established Institute of Japan in the Global Economy (JGE) at Waseda University and serves on the Board of Councilors of the Okinawa Institute of Science and Technology (OIST). 

    Duncan is an early-stage investor in Silicon Valley ventures including Story Protocol (invested by a16z) bringing programmable IP to a world being transformed by AI.

    Duncan is a Global Trustee of the Asia Society, Co-Chair and Founding Trustee of Asia Society France and founding member of Asia Society Japan.

    A Graduate of the London School of Economics, Duncan has also served as Visiting Fellow at the LSE and as Visiting Scholar for three years at Stanford University. Duncan in 2013 was awarded an OBE for services to UK-China trade. Raised in the UK, US and France, Duncan is fluent in French, Chinese and conversant in Spanish and Japanese.

     
    Wilbur Zou
    Managing Partner
    Wilbur Zou is BDA's Managing Partner and is responsible for BDA's business operation and business development.
    Wilbur has extensive consulting and research experience through advisory work BDA has done in several sectors including TMT (telecom, media and technology), consumer goods and services, education, etc. Clients he has served include leading financial institutions (private equity funds, hedge funds, etc) and fortune 500 corporations.
    Prior to joining BDA in 2004, Wilbur was a strategy consultant for Accenture’s telecom division. Wilbur also worked as an investment banker for Salomon Smith Barney, the investment banking arm of Citi Group, in New York City. In addition to his professional service career, he has worked in a marketing and sales capacity for multinational industrial companies such as BHP Billiton and Itochu Corporation.
    Wilbur’s hobbies include music and sports. He used to be an amateur jazz drum player and a lead vocalist. His favorite sports include tennis, skiing and golf.
    Wilbur received his MBA degree from Kellogg Graduate School of Business in the United States, and his B.Sc degree from Tsinghua University in Beijing, China.
     
    Ken Wang
    Managing Director
    Ken Wang has been accumulating investment due diligence and equity research experience in BDA for over a decade. He currently leads a group consisting of dozens of members, covering sectors including education, finance, travel, healthcare, consumer goods, real estate, auto manufacturing, etc.
    Prior to his experience in BDA, Ken served as an associate in L.E.K. China.
    Ken holds a bachelor’s degree in Finance from University of International Business and Economics.
     
    Lei Shi
    Managing Director
    Lei Shi joined BDA in 2008. He is a veteran professional specializing in commercial due diligence and fundamental research for institutional financial investors. Lei is leading a group of professionals with abundant research experience in TMT areas ranging from e-commerce, online entertainment and content distribution, social networks to enterprise services (SaaS and B2B). In addition, Lei’s group also covers consumer goods, energy, agriculture and advanced manufacturing.

    Lei Shi holds a bachelor’s degree in Electronic Engineering from Tsinghua University.