Duncan Clark.
DUNCAN CLARK
ALIBABA: THE HOUSE THAT JACK MA BUILT (2018)
Shortlisted for the 2016 Financial Times McKinsey Best Business Book of the Year.
Jack Ma (born 1964) was the co-founder in 1999 of the hugely successful Chinese Alibaba internet company. It was originally founded as a business-to-business e-commerce website. It later expanded into a wide range of internet-based services including online payment systems. Ma’s first venture was a website about Chinese beer. Searching the early internet for information about beer he found information from many countires, but none about Chinese beer - a gap he proceeded to fill. Building on this, and his expereince building websites for companies, he started Alibaba in his apartment with a group of 18 friends. He soon raised $25m in seed capital from the American investment bank Goldman Sachs and the Japanese investor SoftBank.
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Duncan Clark has lived in Asia for over thirty years, starting his career there as a technology investment banker with Morgan Stanley. He later founded the investment advisory firm BDA China which has offices in Hong Kong and Beijing. He has served as a member of the Global Board of Trustees of the Asia Society in New York, and was also a Visiting Scholar at Stanford University.
