[3] Peng earned a degree in business administration in 1994 from Hangzhou Institute of Commerce, which was later renamed as Zhejiang Gongshang University.
[4][5] They were one of the many husband and wife teams making up the 1/3rd ratio of women amongst Alibaba's founding partners that the company would later become positively praised for.
In September 2015, Alibaba and Ant Financial together took a combined 40% stake in Indian mobile wallet operator Paytm, placing Peng as a member of its board of directors[4][8] In 2016, Ant Financial broke the record for the world's largest private fundraising found for an internet company at $4.5 billion, placing the company at an approximately $60 billion valuation.
[12] Following the suspending of that IPO and Jack Ma's disengaging from public appearance,[13][14] Peng unexpectedly replaced him on these including the finale of Africa's Business Heroes in November 2019.
[4] Porter Erisman in his 2012 documentary Crocodile in the Yangtze about Alibaba's early years, described Peng as "a funny and down-to-earth" leader.