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Saturday, October 5, 2013

Biography of Wu Yajun~ The richest woman in China 2012


Wu Yajun (Simplified Chinese: 吴亚军) is a Chinese businesswoman, founder, former CEO and current Chairwoman of Longfor Properties. She held the title of richest woman in China in 2012, as well as fifth richest person in China. She lost that position to Yang Huiyan due to her divorce from Cai Kui, positioning herself as second richest woman in China. As of March 2013 she was the 299th richest person in the world, and among the top 50 Power-women list by Forbes, with a net worth of US$ 4.4 billion. She is a member of the National People's Congress
Wu was born in Chongqing in 1964, member of an ordinary family.Graduated from the Department of Navigation Engineering of the Northwestern Polytechnical University (西北工业大学) in 1984. From 1984 to 1988 she worked at the Qianwei Meter Factory. From 1988 to 1993 she worked as a journalist and editor at the China Shirong News Agency. At the time the newspaper was controlled by the Construction Bureau of Chongqing Municipal Government, which proved essential for her in building-up her network in the government and business world to then launch her career in the real estate industry.
In 1995 she set up Chongqing Zhongjianke Real Estate Co Ltd with a initial capital investment of 10 million yuan. In the same year Wu and her former husband Cai Kui renamed the company Longfor Properties. The enterprise grew rapidly thereafter, expanding from her home in Chongqing to include major cities likeChengduBeijingShanghaiChangzhou and Dalian. She became alumni member of the Cheung Kong Graduate School of Business in 2007. Longfor Propertieswent public on the Hong Kong Stock Exchange (SEHK) in 2009; notable investors are Singapore's governmentPing An Insurance and Temasek Holdings.

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