The Ledger / Wu Yajun
Wu Yajun
◼ Origin
Co-founded Longfor Group Holdings Ltd (HKEx: 960) in Chongqing in 1995 with her then-husband Cai Kui; built Longfor into one of China's largest private property developers with flagship mall and residential projects across 80+ Chinese cities. Wu retained majority control after divorcing Cai in 2012. Became one of the wealthiest self-made women in Asia before China's property sector downturn.
◼ Self-Made Verdict — YES
Co-founded Longfor Group from scratch in Chongqing in 1995 with no inherited real estate capital; built one of China's largest private property developers through her own leadership and retained control after divorce.
◼ Documented marks
01
Controls Longfor Group Holdings (HKEx: 960) with an ~40% stake; Longfor is one of China's largest private real estate developers with flagship residential, commercial, and mall projects across 80+ cities. The company's financial discipline — maintaining relatively low leverage compared to Evergrande and Country Garden — allowed it to survive China's 2021–2023 property sector crisis when competitors collapsed.
02
Retained majority control of Longfor after divorcing co-founder Cai Kui in 2012, in an outcome that made Wu one of the wealthiest women in Asia independently of her marriage; the business split demonstrated that Wu, not Cai, had been the driving strategic force in the company.
03
Longfor's 'Paradise Walk' mall brand operates 80+ retail centers across China; its mall business provides rental income that offsets the volatility of residential real estate development — a deliberate diversification strategy that has made Longfor one of the most financially stable Chinese property developers.
No inheritance, or primary accounts documented for this billionaire yet.
◼ List of charges
No documented charges yet.
These are moral charges, not legal ones. The actual legal system has not — and will not — bring them.
More ledger entries