Peggy Cherng

Peggy Tsiang Cherng is an American billionaire businesswoman. Cherng co-founded Panda Express in 1983 and serves as the co-chief executive officer of Panda Restaurant Group. She was born in Burma.

  • Andrew and Peggy Cherng are cofounders of the $3 billion (sales) Chinese fast food chain, Panda Express, which has over 2,000 locations.
  • The Cherngs also run famed ramen house, Ippudo, in Berkeley, CA and have investments in chains that sell everything from pizza, salad and cheesecake.
  • The couple met at Baker University in Baldwin, Kansas before starting Panda Express in 1983 in the second largest mall in Los Angeles County.
  • Today the chain stretches from its home base in the U.S to Canada, Mexico, Dubai and South Korea.
  • In March 2017 the Cherngs donated $30 million to Caltech’s medical engineering department.

Panda Express Peggy Cherng