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Peng Lei (Lucy Peng)
|Born||1972/1973 (age 45–46)|
|Alma mater||Zhejiang Gongshang University|
|Occupation||Co-founder & CEO, Ant Financial|
Chief people officer, Alibaba
|Net worth||US$1.1 billion (November 2018)|
Peng Lei (also Lucy Peng; Chinese: 彭蕾 born 1972/73) is a Chinese business executive and one of the founders of the Chinese e-commerce business group Alibaba Group. Peng is one of 21 self-made women billionaires in China.
Peng earned a degree in business administration in 1994 from Hangzhou Institute of Commerce, which was later renamed as Zhejiang Gongshang University. Following her graduation, she taught at the Zhejiang University of Finance and Economics for five years. Peng quit teaching shortly after marrying, and with her husband (who would later run Taobao, Alibaba's eBay reminiscent marketplace) joined Jack Ma in founding Alibaba in September 1999. They were one of the many husband and wife teams making up the 1/3rd ratio of women amongst Alibaba's founding partners that the company would later become positively praised for.
Her early responsibilities with the company involved managing the HR department of Alibaba, which she herself created. During this period, one of her notable accomplishments is developing the "mom and pop" model at Alibaba, in which one "mom" focused on teamwork and motivation, while one "pop" handled performance assessments.
From January 2010 to February 2013, Peng was the CEO of Alipay. Alipay became the most successful payment gateway within China under her management, expanding to over 800 million users as of 2014. As of the end of 2014, it was valued at around $60 billion.
In 2014, Peng founded Ant Financial Services in order to support small businesses. In September 2015, Alibaba and Ant Financial together took a combined 40% stake in Indian mobile wallet operator Paytm, placing Peng as a member of its board of directors In 2016, Ant Financial broke the record for the world's largest private fundraising found for an internet company at $4.5 billion, placing the company at an approximately $60 billion valuation.
Three years after she began teaching, Peng married Sun Tongyu. She later divorced him for a short period, but then remarried him.
Porter Erisman, in his 2012 documentary Crocodile in the Yangtze about Alibaba's early years, described Peng as "a funny and down-to-earth" leader.
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- An Interview with Peng Lei：The DNA Code of Alibaba, Green Herald.
- 彭蕾解读小微金服：无线及国际化成未来重点 (Peng Lei interpretation of small and micro payments), Sina Corp (Chinese)
- Video of Lucy Peng speaking at the China 2.0 conference at the Stanford Graduate School of Business, September 28, 2012 (Chinese)