Co-founder of Alibaba Group, Chairwoman of Ant Financial
Peng Lei is a Chinese businessperson, one of the founders of the Chinese e-commerce business group Alibaba Group. Peng earned a degree in business administration in 1994 from Hangzhou Institute of Commerce of Zhejiang Gongshang University. Following her graduation, she taught at the Zhejiang University of Finance and Economics for five years. 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 March 2013, Peng took over as CEO of Alibaba Small and Micro Financial Services. There, she made significant progress in searching for innovations in the mobile payments system.