Meet Lucy Peng, the elusive billionaire cofounder of Alibaba whose fintech startup Ant Financial is set to IPO at an estimated $200 billion valuation
, and Peng's critical role in the company's early success has made her one of the most pedigreed executives in the world.
In 2010, Peng stepped away from Alibaba proper to become the CEO of Alipay, and in 2014 she cofounded Ant Financial Services, which is on the verge ofBoth companies are under the Alibaba umbrella, meaning that Peng has never removed herself from the business she helped build; instead, after being tapped for the leadership positions byIn her work fundraising for these ventures, Peng has raised more than $22 billion, making her the highest-funded female founder in the world.
Below, Business Insider has put together a list of some of the major milestones in the tech executive's life. Peng famously keeps a low public profile, so little is known about her that she has not disclosed herself. But what is known, from her beginnings as a business student to her professional ascendancy in China's most dominant enterprise, is the stuff of founder lore. Peng attended the Hangzhou Institute of Commerce at Zhejiang Gongshang University and received a bachelor's degree in business administration.
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