Top 10 Chinese innovators in 2014
Updated: 2015-02-25 07:10
Peng Lei, then CEO of Alipay of Alibaba Group, speaks at an event in Beijing, October 22, 2010.[Photo/IC]
Peng Lei, CEO of AliPay, the online payment platform affiliated with Alibaba
Peng was one of the 18 co-founders when Alibaba was established in September 1999. Due to Alibaba's dominant market position in e-commerce, Alipay has emerged as the online payment processing leader in China. It clears 80 million transactions per day, including 45 million transactions through its Alipay Wallet mobile app.