Wayne Zhang
CEO
Lucky Pai Limited

Wharton Speaker >> Biography

Mr. Zhang co-founded Lucky Pai Ltd. in 2006, a leading TV home shopping company with sales over RMB 1 Billion and 1,400 employee in 4 years time. He served as President/CFO and CEO in the past 7 years, and raised over US$50 million from reputable investment firms (Lightspeed ventures, Intel Capital, Goldman Sachs, Tenaya Capital, DT Capital) in series A-C rounds and built the business from a PPT business plan to US$150 million revenue in 4 years. In 2010, Lucky Pai negotiated a successful trade sale and sold the company to Korean Lotte Group and Japan Itochu Group, generating around 3X return for shareholders. He currently is the CEO and executive director of the company after the sale to ensure smooth transition. 
 
Prior to founding Lucky Pai(2004 - 2006), he was a managing director of CBC Capital (a USD 280 mn early stage venture fund), responsible for fund formation and fund raising, later focusing on TMT investment in China. He also served as General Manager of Corporate Development for China Netcom Group Corporation, responsible for strategic investment, business restructuring, IPO equity offering. (November 2004 IPO of China Netcom)
 
Prior to CBC Capital and China Netcom, Mr. Zhang worked at McKinsey & Company in Shanghai (1998 – 2003), where he focused on strategy development, operational improvement, lean operational transformation and organizational design for large SOEs, private companies and MNCs in China. Before joining McKinsey, Mr. Zhang worked as a strategy consultant in Monitor Group in Boston and Hong Kong (1996 - 1998), advising clients including AT&T, LensCrafters and Coca Cola on growth strategy and China Market entry strategy. 
 
Mr. Zhang earned his M.B.A. from the Yale School of Management, M.Sc in Planning Studies from University of Southern California, B.S. from Tongji University in Shanghai. He is a founding member and management committee member of YKPao School Foundation.
 

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