BDA China Limited

Last updated
BDA China Limited
Type Private
Industry Business
Genre Inward Investment Firm
Founded1994
Headquarters Beijing, China
Key people
  • Duncan Clark (Chairman)
  • Wilbur Zou (Managing partner)
Products Business services
Website www.bda.com

BDA China Limited (BDA) is a business advising firm based in Beijing, China. [1]

Contents

History

Founded in 1994, BDA serves financial institutions, mostly private equity firms and hedge funds, and multinational corporations. BDA advises on investments principally in China, as well as South East Asia, Japan and South Korea. [2]

The company's sector focus is principally China's digital markets and consumer goods and services. Other sectors include advanced manufacturing, healthcare, education & training.

After serving exclusively Morgan Stanley and its clients from 1994 to 1995, BDA built its own stable of clients including telecom, media and technology companies seeking to benefit from the rapid growth in China. [3]

In 1999, BDA co-published a report entitled “The Internet in China”. The publication coincided with a surge in venture capital investment in the country's budding internet sector culminating in the IPOs on Nasdaq in 2000 of Chinese Internet portals Sina, Netease and Sohu. BDA founder Duncan Clark co-authored a chapter in the textbook Chinese Cyberspace: Technological changes and political effects based on the findings from this report. [4] [5]

In 2003 China's three listed Internet portals started to see a reversal of fortunes from revenues generated by mobile text messaging partnerships with Chinese telecom operators, including China Mobile. BDA research highlighted the resurgence of these companies, winning it new mandates from institutional investors including hedge funds. A new wave of private equity activity followed with the emergence of a ’second wave’ of Internet companies such as Ctrip, Baidu and Shanda, that listed successfully in the US in 2003 and 2004. [4]

By 2004, BDA diversified its investments and business consulting practices beyond the telecommunications and internet sectors to include e-commerce and a wide range of consumer goods and services.

BDA was also an angel investor in website software start-up Exoweb limited, which subsequently spun off the mobile games company Happylatte and mobile metrics company App Annie. [6]

Leadership

Duncan Clark, BDA's founder and chairman, is a technology and financial expert specializing in Chinese markets. Clark's book on Alibaba, Alibaba – The House That Jack Ma Built, was published by HarperCollins in 2016 [7] and was named as a finalist for the 2016 Financial Times / McKinsey Business Book of the Year Award. [8]

He is often quoted by The New York Times, Bloomberg, The Economist, and other media outlets. [9]

Clark served a senior advisor to the ‘China 2.0’ initiative at the Stanford Graduate School of Business, Stanford Program on Regions of Innovation and Entrepreneurship. At Stanford, Clark studies the effect Silicon Valley will have on China's various technology industries. [6] When he served as a visiting scholar from 2010 to 2011, he facilitated seminars on the creation of the venture capital community and the role of internet companies in China. [10]

Duncan is also executive producer of two China-themed documentary films produced by a production company CIB Productions that he co-founded in Beijing in 2008. [10]

Duncan Clark has served on the advisory board of Chinese Internet company Netease and serves on the advisory board of the Digital Communication Fund of Geneva-based bank The Pictet Group. [11]

A former elected chairman of the China–Britain Business Council, Clark was appointed by Her Majesty Queen Elizabeth II Order of the British Empire in the 2013 New Year Honours List for services to British commercial interests in China. [12]

Wilbur Zou, BDA's managing partner, is responsible for the company's business operation and development. [13]

Ted Dean served as partner at BDA from 1999 to 2013 when he joined the United States Department of Commerce as deputy assistant secretary for services in the International Trade Administration. [14]

Related Research Articles

E-commerce is the activity of electronically buying or selling products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is the largest sector of the electronics industry and is in turn driven by the technological advances of the semiconductor industry.

<span class="mw-page-title-main">Jerry Yang</span> Computer programmer and co-founder of Yahoo!

Jerry Chih-Yuan Yang is a Taiwanese-American billionaire computer programmer, internet entrepreneur, and venture capitalist. He is the co-founder and former CEO of Yahoo! Inc., which he started with classmate David Filo in 1994.

<span class="mw-page-title-main">SoftBank Group</span> Japanese investment holding company

SoftBank Group Corp. is a Japanese multinational investment holding company headquartered in Minato, Tokyo which focuses on investment management. The group primarily invests in companies operating in technology that offer goods and services to customers in a multitude of markets and industries ranging from the internet to automation. With over $100 billion in capital at its onset, SoftBank's Vision Fund is the world's largest technology-focused venture capital fund. Fund investors included sovereign wealth funds from countries in the Middle East.

Amazon China, formerly known as Joyo.com, is an online shopping website. Joyo.com was founded in early 2000 by the Chinese entrepreneur Lei Jun in Beijing, China. The company primarily sold books and other media goods, shipping to customers nationwide. Joyo.com was renamed to “Amazon China” when sold to Amazon Inc in 2004 for US$75 Million. Amazon China closed its domestic business in China in June 2019, offering only products from sellers located overseas.

<span class="mw-page-title-main">Masayoshi Son</span> Chairman, President and CEO of Softbank

Masayoshi Son is a Japanese billionaire technology entrepreneur, investor and philanthropist. A third-generation Zainichi Korean, he naturalized as a Japanese citizen in 1990. He is the founder, representative director, corporate officer, chairman and CEO of SoftBank Group Corp. (SBG), a strategic technology-focused investment holding company, as well as chairman of UK-based Arm Holdings.

A reverse takeover (RTO), reverse merger, or reverse IPO is the acquisition of a public company by a private company so that the private company can bypass the lengthy and complex process of going public. Sometimes, conversely, the public company is bought by the private company through an asset swap and share issue. The transaction typically requires reorganization of capitalization of the acquiring company.

<span class="mw-page-title-main">Alibaba Group</span> Chinese multinational technology company

Alibaba Group Holding Limited, or Alibaba, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. Founded on 28 June 1999 in Hangzhou, Zhejiang, the company provides consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via Chinese and global marketplaces, as well as local consumer, digital media and entertainment, logistics and cloud computing services. It owns and operates a diverse portfolio of companies around the world in numerous business sectors.

<span class="mw-page-title-main">Jack Ma</span> Chinese businessman and investor (born 1964)

Jack Ma Yun is a Chinese business magnate, investor and philanthropist. He is the co-founder of Alibaba Group, a multinational technology conglomerate. In addition, Ma is also the co-founder of Yunfeng Capital, a Chinese private equity firm. As of June 2023, with a net worth of $34.5 billion, Ma is the fourth-wealthiest person in China, as well as the 39th wealthiest person in the world, ranked by Bloomberg Billionaires Index.

<span class="mw-page-title-main">Shanghai Media Group</span> State-owned broadcaster in Shanghai, China

Radio and Television Station of Shanghai (RTS), a Shanghai-based state media outlet, and its wholly owned subsidiary, Shanghai Media Group (SMG), represent one of China's largest state-owned media and cultural conglomerates, with the most complete portfolio of media and related businesses. The Oriental Pearl Media Company under SMG was the first cultural and media company in China to realize a market capitalization totaling more than ¥100 billion (US$15B) on the Shanghai Stock Exchange in 2015. By June 2015, SMG has more than ¥61B (US$10B) in assets and about 17,200 employees.

<span class="mw-page-title-main">Taobao</span> Chinese website for online shopping

Taobao is a Chinese online shopping platform. It is headquartered in Hangzhou and is owned by Alibaba. According to Alexa rank, it was the eighth most-visited website globally in 2021. Taobao.com was registered on April 21, 2003 by Alibaba Cloud Computing (Beijing) Co., Ltd.

<span class="mw-page-title-main">Youku</span> Website

Youku Tudou Inc., doing business as Youku, is a video hosting service based in Beijing, China. It operates as a subsidiary of Alibaba Group Holding Limited.

<span class="mw-page-title-main">Tencent</span> Chinese conglomerate holding company

Tencent Holdings Ltd. is a Chinese multinational technology conglomerate and holding company headquartered in Shenzhen. It is one of the highest grossing multimedia companies in the world based on revenue. It is also the world's largest company in the video game industry based on its equity investments, with Tencent Games being the subdivision of Tencent Interactive Entertainment Group (IEG) focused on publishing of games.

<span class="mw-page-title-main">JD.com</span> Chinese e-commerce company

JD.com, Inc., also known as Jingdong, internationally known as Joybuy and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500 and a major competitor to Alibaba-run Tmall. When classified as a tech company, it is the largest in China by revenue, and 7th in the world in 2021.

Momo is a free social search and instant messaging mobile app. The app allows users to chat with nearby friends and strangers. Momo provides users with free instant messaging services through Wifi, 3G and 4G. The client software is available for Android, iOS, and Windows Phone.

Peng Lei, also known as Lucy Peng, is a Chinese billionaire businesswoman. She is one of the founders of the e-commerce company Alibaba Group. As of March 2017, Peng was one of 21 self-made women billionaires in China.

<span class="mw-page-title-main">He Xiaopeng</span> Chinese entrepreneur

He Xiaopeng is a Chinese entrepreneur, best known for co-founding companies including XPeng Motors, an intelligent electric vehicle manufacturer, and UCWeb, the Chinese mobile Internet software and service provider he co-founded in 2004. UCWeb was acquired by Alibaba Group in June 2014 in the largest M&A deal ever in Chinese Internet industry. After acquisition, he was named as president of UCWeb and president of the Alibaba Mobile Business Group, and later served as the president of Tudou & Ali Games.

<span class="mw-page-title-main">Lazada</span> Singaporean multinational technology

Lazada Group is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.

E-commerce in Bangladesh refers to the electronic commerce sector of Bangladesh business.

<span class="mw-page-title-main">2020–2021 Xi Jinping Administration reform spree</span> Spate of cultural and economic reforms in China

In 2020, the Chinese Communist Party (CCP) and various Chinese regulatory bodies, under CCP General Secretary Xi Jinping, began a regulatory spree, strengthening regulations, issuing fines, and introducing or modifying laws. Though mostly targeted at disrupting the growth of "monopolistic" technology companies, the government also introduced other reforms with implications for large swathes of the economy and life in China. Actions taken included the implementation of restrictions on for-profit tutoring and education companies, the refinement of existing rules for limits on minors playing online video games, and the introduction of new antitrust rules.

References

  1. Gough, Neil (2014-02-09). "China's Tencent to Buy Stake in JD.com as Part of E-Commerce Push". The New York Times. Hong Kong. Retrieved 2014-03-20.
  2. Clover, Charles (2014-03-19). "Chinese internet: Mobile wars". Financial Times. Beijing. Retrieved 2014-03-20.
  3. Chan, Yvonne (1999-06-30). "Unicom chooses key IPO partner". South China Morning Post. Beijing. Retrieved 2014-03-26.
  4. 1 2 Clark, Duncan (2001-01-22). "The Internet in China: Problems and Prospects". Freeman Spogli Institute for International Studies, Stanford University. Retrieved 2004-03-24.
  5. "The Internet in China, BDA China Limited and The Strategis Group, Inc". SiliconInvestor.com. PRNewswire.com. 1999. Retrieved 2014-04-09.
  6. 1 2 "Stanford Program on Regions of Innovation and Entrepreneurship, People: Duncan Clark". Stanford University Graduate School of Business. Archived from the original on 18 March 2014. Retrieved 20 March 2014.
  7. "Search: 0 results found for ""9780062413406""".
  8. Hill, Andrew (7 August 2016). "Business Book of the Year award 2016: Longlist announced". Financial Times.
  9. "China File: Duncan Clark". ChinaFile. 5 February 2014. Retrieved 20 March 2014.
  10. 1 2 "Life after Google? The Way Forward for US Internet Firms and Investors in China". Stanford University Graduate School of Business. Stanford University. Archived from the original on 18 March 2014. Retrieved 20 March 2014.
  11. "The Wall Street Journal: Unleashing Innovation, An Executive Conference". Wall Street Journal Asia. Archived from the original on 11 November 2013. Retrieved 20 March 2014.
  12. "New Year's Honours List 2013 – departmental list" (PDF). Gov.uk. Retrieved 20 March 2014.
  13. "The American Chamber of Commerce Presents the 1st Annual SME Conference". Dr. Charlie – MySinaBlog.Com. Retrieved 1 April 2014.
  14. "Ted Dean". United States Department of Commerce, International Trade Administration. Archived from the original on 2014-04-02. Retrieved 9 April 2014.