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In 1986, he was TVB's Youth Ambassador and began hosting several youth-oriented shows. Peng signed with UFO Radio in 1990 and released four albums with the label. In the 1990s, he began appearing on television, while continuing his career in radio. Peng had a small role as Yu Tian in the 2001 drama, Meteor Garden.
When Peng's company MyCoin, a Bitcoin trading platform, went bankrupt in 2015, Peng was accused of scamming 600 million from his investors.[2][3]