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WiLL yOu STiLL lOve YiNG Li tOmOrrOw ?
FACE Of Ying Li's TWIN
But for the Grace of God... and the Hang Seng
From Longfor’s company literature, we learn that Ms. Wu graduated from Northwestern Polytechnical University in 1984 with a degree in engineering. She immediately took a job for four years as a thermostatic specialist.
Then, from 1988 to 1993, she worked as both a reporter and editor at Shanghai-based business publication Credit World, and gained an insider’s knowledge of the property development industry.
In 1993, she established a startup property development firm in Chongqing municipality, and served as its CEO before setting up a new firm – China Construction Science & Technology Co Ltd (Chongqing) in June of 1995 with registered capital of 10 mln yuan.
She quickly became a leader in the residential property market sector, and the successful startup soonafter changed its name to Longfor, the name the vast majority of Chinese are familiar with today.
The first major property project to cross the young Ms. Wu’s desk was the substantial Dragon Lake South Garden complex in Chongqing.
Despite the fact that she had no experience in property development at the time, and had not yet built up a brand name for herself, due to her love of learning and ingenuity the residential property complex very quickly transformed itself into the premier flagship development in Chongqing’s fast-growing real estate sector.
Following the success of Dragon Lake South Garden in 1995, Ms. Wu began to build the Longfor brand name in earnest, and to this day the group has offices in Chongqing, Beijing, Shanghai, Chengdu and Xi-an.
Her peers in the industry describe her as hard working, studious, diligent… and these attributes are the secret to her spectacular fortune.
Although she is familiarly known as Teacher Wu by her colleagues, but she actually never tires of the lessons that life offers and at heart will always be a student, and is always consciously – or otherwise – learning from the success of others in the property sector, and more importantly -- how to surpass them.
In fact, when her company was first achieving lift off the runway, she consulted Vanke tycoon Wang Shi on how to achieve success overnight in the sector and avoid the pitfalls of the unlucky.
So the student began to compete with, and at times outdo, the teacher.
One story has it that an executive from Vanke visited one of Longfor’s display properties and almost considered moving in himself, so taken was he with the digs!
Chongqing Residential Property Director and Singapore-listed Yingli Group Chairman Fang Ming said Ms. Wu gave him a very deep impression.
"She struck me as a workaholic of the highest order and I never recall seeing her take a day off. She considered a 12-hour day a quasi-holiday, and often forgot that Friday had arrived as weekends meant nothing to her in terms of respite," he said.
Last year during the listing procedure for Longfor, in order to facilitate speedier roadshows for the company in Hong Kong, Singapore, London and New York, she made the equivalent of several global circumnavigations in order to smooth things over.
In order to save time, she often called aircraft fuselages her office and bedroom.
Longfor Properties Chairwoman Wu Yajun. Photo: Longfor
From Longfor’s company literature, we learn that Ms. Wu graduated from Northwestern Polytechnical University in 1984 with a degree in engineering. She immediately took a job for four years as a thermostatic specialist.
Then, from 1988 to 1993, she worked as both a reporter and editor at Shanghai-based business publication Credit World, and gained an insider’s knowledge of the property development industry.
In 1993, she established a startup property development firm in Chongqing municipality, and served as its CEO before setting up a new firm – China Construction Science & Technology Co Ltd (Chongqing) in June of 1995 with registered capital of 10 mln yuan.
She quickly became a leader in the residential property market sector, and the successful startup soonafter changed its name to Longfor, the name the vast majority of Chinese are familiar with today.
The first major property project to cross the young Ms. Wu’s desk was the substantial Dragon Lake South Garden complex in Chongqing.
Despite the fact that she had no experience in property development at the time, and had not yet built up a brand name for herself, due to her love of learning and ingenuity the residential property complex very quickly transformed itself into the premier flagship development in Chongqing’s fast-growing real estate sector.
Following the success of Dragon Lake South Garden in 1995, Ms. Wu began to build the Longfor brand name in earnest, and to this day the group has offices in Chongqing, Beijing, Shanghai, Chengdu and Xi-an.
Her peers in the industry describe her as hard working, studious, diligent… and these attributes are the secret to her spectacular fortune.
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In fact, when her company was first achieving lift off the runway, she consulted Vanke tycoon Wang Shi on how to achieve success overnight in the sector and avoid the pitfalls of the unlucky.
So the student began to compete with, and at times outdo, the teacher.
One story has it that an executive from Vanke visited one of Longfor’s display properties and almost considered moving in himself, so taken was he with the digs!
Chongqing Residential Property Director and Singapore-listed Yingli Group Chairman Fang Ming said Ms. Wu gave him a very deep impression.
"She struck me as a workaholic of the highest order and I never recall seeing her take a day off. She considered a 12-hour day a quasi-holiday, and often forgot that Friday had arrived as weekends meant nothing to her in terms of respite," he said.
Last year during the listing procedure for Longfor, in order to facilitate speedier roadshows for the company in Hong Kong, Singapore, London and New York, she made the equivalent of several global circumnavigations in order to smooth things over.
In order to save time, she often called aircraft fuselages her office and bedroom.
| WU YAJUN: China’s richest woman has US$3.9 b in assets |
| Written by Andrew Vanburen (China Correspondent) | |
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Wednesday, 17 March 2010 THE MUNICIPALITY of Chongqing is not only famous for producing some of the most beautiful women in China, but also manufacturing its fair share of major league female tycoons. It is an excellent city to be TiGER into GOLDEN TiGER year 2010.
Golden Girl: China's richest woman, property tycoon Wu Yajun. Photo: Internet
Longfor Properties Chairwoman Wu Yajun. Photo: Longfor
 Enter the Dragon: Wu cut her teeth on the Dragon Lake project. Photo: Longfor
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