Alibaba’s Co-Founder Lucy Peng to Get $5 Billion Richer on Ant IPO
- Former teacher Lucy Peng co-founded Alibaba with Jack Ma
- Ant IPO will also make at least six other women billionaires
The former finance teacher is emerging as one of the wealthiest people within the Alibaba ecosystem and one of the world’s richest women.
Photographer: Misha Friedman/BloombergThis article is for subscribers only.
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.