C hu Mang Yee is a Chinese real estate billionaire and a co-founder of Hopson Development Holdings, one of the country's pioneering private property developers. He founded the company in 1992 in Guangdong province with his family, positioning them perfectly to capitalize on China's historic wave of urbanization and economic reform. He serves as the chairman of the publicly traded company.
Hopson Development was one of the first and largest private developers in southern China, earning a place among the 'Five South China Tigers' of the real estate industry. The company has built a vast portfolio of large-scale residential communities and commercial properties in major Chinese cities. While the Chinese property market has faced significant headwinds in recent years, the immense wealth Chu and his family built during the boom years remains substantial. His daughter, Chu Kut Yung, now holds a senior role as co-president of the company.
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