Prior to Monk’s Hill Ventures, he was a Venture Partner at GSR Ventures in China. The firm is known for its successful investments in companies like Didi Chuxing and Qunar. As an entrepreneur, he co-founded a series of successful companies including Electric Classifieds (today known as Match.com), Interwoven and Encentuate, which combined today generate over USD$1 billion in revenues annually.
Peng was awarded Singapore's Public Service Medal, P.B.M. (Pingat Bakti Masyarakat) in 2012. He is currently the Chairman of SolveEducation! and serves as a board member of the International Advisory Board for the University of Texas at Austin.
He earned a B.S. in Electrical Engineering from the University of Texas and an M.S. in Computer Science from the University of Illinois. Peng was inducted to the University of Illinois Urbana-Champaign, Grainger College of Engineering's Alumni Hall of Fame in 2016.