Peggy Yu (born 1965) is a Chinese businesswoman. She is the co-founder of dangdang.com, the largest online retailer in simplified Chinese, similar to Amazon.com and Amazon China. In 1992, she was nominated for "A Man of the Hour in IT industry". In 1999, she was named the "99中国互联网新闻人物" by the press. In 2003, she was named the Annual Wise Woman in a campaign launched by Yingcai Journal.
Yu Yu (俞渝), known as Peggy, was born in Chongqing, China in 1965. She graduated from Beijing Foreign Studies University and then began working as an interpreter and secretary for a general manager of Babcock & Wilcox Beijing Company Ltd (B&WBC), one of the main boiler suppliers in the world. In 1987, she went the United States to pursue her studies. In 1992, she earned an MBA from New York University, where she gave a speech at the graduation ceremony on behalf of her classmates. Yu then went to work on Wall Street, which she compared to a pressure cooker. Yu lived in the United States for ten years, during which time she accumulated the capital and experience necessary to become an entrepreneur. In 1996, Peggy met Li Guoqing (GQ), an easygoing, open and creative book publisher in China. Before long, they fell in love and got married after dating for only 3 months. In 1999, the couple created Dangdang (当当网), which is currently the largest online bookstore in China.
Yu is the chairwoman of Dangdang. The idea for the company came during her stay in the United States, during which time her favorite hobby after work was going to nearby bookstores. Yu had also paid careful attention to the establishment and development of Amazon.com since early 1995 when she was working on Wall Street. When she met her husband, she had the idea to start a similar online company in China. As the executive, Yu considers business issues from both an investor's and manager's perspective. Since the company's creation in 1999, Dangdang has expanded to become an online book store with over 6,000,000 books, as well as home goods, clothing, jewelry, cosmetics, DVDs, and movies.
In addition to being a successful businesswoman, Yu is also a wife and mother. She prides herself on balancing her family life, personal life and professional life and keeping them clearly separated. She and her husband have an agreement that they do not discuss anything concerning business when they are at home or after 10pm. Yu's personal model is her grandmother. In an interview she said of her grandmother: "Despite painful diseases she wore a smile on her face all the time, and remained calm and brave while suffering the Cultural Revolution. Her optimism and courage has a big effect on me."
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