Alibaba’s Co-Founder Lucy Peng to Get $5 Billion Richer on Ant IPO

(Bloomberg) — Lucy Peng has been dubbed Alibaba Group Holding Ltd.’s most influential woman.The co-founder of the e-commerce giant rarely speaks in public and is little known outside of China, but over the past two decades she’s played a key role guiding Jack Ma’s empire. Peng, 47, helped set up Alibaba’s human-resources department, was Ant Group Co.’s chief executive officer and is now executive chairwoman of Lazada Group SA, the Southeast Asian e-commerce platform.The former finance teacher is also emerging as one of the wealthiest people within the wildly successful Alibaba ecosystem and one of the richest women on the …read more

Source:: Yahoo Finance


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