Lucy Peng's Biography

Lucy Peng, also known as Peng Lei, is a renowned Chinese business executive and entrepreneur best known for being a co-founder of Alibaba Group and the former executive chairwoman of Ant Financial. Born on January 1, 1973, in China, she has played a pivotal role in shaping the e-commerce and fintech landscape across Asia and the world. Lucy began her career as a teacher before joining Jack Ma and the founding team at Alibaba in 1999, where she quickly rose through the ranks due to her vision and leadership. She was instrumental in the creation and rapid expansion of Alipay, which later evolved into Ant Financial, one of the world’s largest fintech companies. Recognized for her influence, Lucy Peng has been listed among Forbes’ and Fortune’s most powerful women multiple times. Despite a low public profile and minimal social media presence, her strategic thinking and commitment to innovation have made her a role model, particularly for women in business. Her estimated net worth in 2024 is $1.4 billion, reflecting her long-term stake in Alibaba Group and associated businesses. As a pioneer in technology and finance, Lucy Peng continues to inspire through her leadership, resilience, and belief in the transformative power of digital platforms.