Peggy Yu
| Peggy Yu Yu (俞渝) | |
|---|---|
| Born | May 1965 Chongqing, China |
| Residence | Beijing, China |
| Nationality | Chinese |
| Alma mater | Beijing Foreign Studies University, New York University |
| Occupation | Co-founder and chairwoman, dangdang.com |
| Spouse(s) | Li, Guoqing |
Peggy Yu (born 1965) is a Chinese businesswoman. She is the co-founder and chairwoman of dangdang.com, the largest online book retailer in simplified Chinese, similar to Amazon.com and Amazon China. In 1992, she was nominated for "A Man of the Hour in IT industry". In 1999, she was named the "Internet Newsmaker of the Year" by the press. In 2003, she was named the Annual Wise Woman in a campaign launched by Yingcai Journal.
Yu Yu (俞渝), known as Peggy, was born in Chongqing, China in 1965. She graduated from Beijing Foreign Studies University and then began working as an interpreter and secretary for a general manager of Babcock & Wilcox Beijing Company Ltd (B&WBC), one of the main boiler suppliers in the world. In 1987, she went to the United States to pursue her studies. In 1992, she earned an MBA from New York University, where she gave commencement speech on behalf of her classmates. Yu went to work on Wall Street, which she compared to a pressure cooker. Yu lived in the United States for ten years, during which time she accumulated the capital and experience necessary to become an entrepreneur. In 1996, Peggy met Li Guoqing (GQ), an easygoing, open and creative book publisher in China. They fell in love and got married after dating for only 3 months. In 1999, the couple created Dangdang (当当网), which is currently the largest online bookstore in China.
Yu is the chairwoman of Dangdang. The idea for the company came during her stay in the United States, during which time her favorite hobby after work was going to nearby bookstores. Yu had also paid careful attention to the establishment and development of Amazon.com since early 1995 when she was working on Wall Street. When she met her husband, she had the idea to start a similar online company in China. As the executive, Yu considers business issues from both an investor's and manager's perspective. Since the company's creation in 1999, Dangdang has expanded to become an online bookstore with over 6,000,000 books, as well as home goods, clothing, jewelry, cosmetics, DVDs, and movies.
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