Peggy Yu
- January 10, 2024
- Businessperson
Quick Facts
| Full Name | Peggy Yu |
| Occupation | Businessperson |
| Date Of Birth | May 1, 1965(1965-05-01) |
| Age | 59 |
| Birthplace | Chongqing |
| Country | China |
| Horoscope | Taurus |
Peggy Yu Biography
| Name | Peggy Yu |
| Birthday | May 1 |
| Birth Year | 1965 |
| Place Of Birth | Chongqing |
| Birth Country | China |
| Birth Sign | Taurus |
Peggy Yu is one of the most popular and richest Businessperson who was born on May 1, 1965 in Chongqing, China. Yu Yu, 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, she met Li Guoqing, a book publisher. They married after dating for three months. In 1999, the couple launched Dangdang, which has become the largest online bookstore in China.
On July 9, 2015, almost five years after she took Dangdang public on NYSE, Peggy Yu proposed to buy out the company from shareholders at a valuation of $630 million. Peggy Yu’s proposed valuation was less than half of Dangdang’s IPO valuation. The proposed buyout price, $7.81 per ADS, by Peggy Yu and her husband Guoqing Li, was the lowest among all Chinese ADRs seeking to go private, even 20% lower than the company’s prior 30 days average trading price, according to Bloomberg.
Peggy Yu Net Worth
| Net Worth | $5 Million |
| Source Of Income | Businessperson |
| House | Living in own house. |
Peggy Yu is one of the richest Businessperson from China. According to our analysis, Wikipedia, Forbes & Business Insider, Peggy Yu 's net worth $5 Million. (Last Update: December 11, 2023)
Peggy Yu or Yu Yu (Chinese: 俞渝 ; pinyin: Yú Yú ; born 1965) is a Chinese businesswoman. She is the co-founder and chairwoman of dangdang.com, the largest online book retailer 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.
Height, Weight & Body Measurements
Peggy Yu height Not available right now. Phil weight Not Known & body measurements will update soon.
Who is Peggy Yu Dating?
According to our records, Peggy Yu is possibily single & has not been previously engaged. As of December 1, 2023, Peggy Yu’s is not dating anyone.
Relationships Record : We have no records of past relationships for Peggy Yu. You may help us to build the dating records for Peggy Yu!
Facts & Trivia
Phil Ranked on the list of most popular Businessperson. Also ranked in the elit list of famous people born in China. Peggy Yu celebrates birthday on May 1 of every year.