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Alibaba's Women in Leadership: Meet Lucy Peng

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Alibaba China’s e-commerce giant has been an advocate of gender diversity and its Founder Jack Ma has declared a large part of their success has been down to a policy of hiring women in senior leadership positions.

The e-commerce giant has put many more well established western Multi-national companies to shame when it comes to diversity and inclusion of women in executive roles. A third of Alibaba’s founding partners are female, and women account for nine of the 30 partners who control management decisions outperforming many of the Silicon Valley giants.

We take a closer look at one of Alibaba’s female founders Lucy Peng current CEO of Lazada and who also serves as the executive chair at Ant Financial, her mission is clear; to expand Alibaba’s footprint and growth in the fast-growing South-East Asia Region.

Background:

Did you know She’s one of Alibaba’s founders, who set up the US$500 billion online shopping giant alongside Jack Ma back in 1999. Six of Alibaba’s 18 co-founders are female.

She is a great multi-tasker. In addition to being the new CEO of Singapore-based Lazada, Peng is still executive chair at Alibaba spin-off Ant Financial back in China. That’s the payments business, best known for Alipay, which is said to be weighing up an IPO that’d value it at over US$100 billion. She’s also Lazada’s chairwoman.

She has strong leadership experience. Back in 2010, she was appointed CEO of Alipay, a job she had for six years before the fast-moving fintech firm, now known as Ant Financial, handed the CEO mantle to Eric Jing. In her role as Alipay boss, she turned the wallet app into a financial services juggernaut and expanded it outside China.

She’s a former teacher – just like Jack Ma. Peng taught at Zhejiang University of Finance and Economics for five years in the 1990s after graduating with a degree in business administration from a different college in Alibaba’s hometown. Prior to that, she was chief people officer at Alibaba for more than a decade.

As Alibaba continues its rapid global expansion female executive leaders such as Lucy Peng will be integral to its success.



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