The Hurun Blockchain Rich List, published on 13 November 2018, estimated Jihan Wu's net worth at 16.5 billion yuan, about $2.39 billion. That placed him second among China's cryptocurrency entrepreneurs, behind Micree Zhan. Hurun's 2018 China Rich List ranked him 204th in the country.
In 2011 Wu was a private equity analyst. He raised about 100,000 yuan from family and friends and bought 900 bitcoins. He also co-founded Babite, China's first Bitcoin community site, and translated the Bitcoin white paper into Chinese.
In 2013 he co-founded the mining hardware maker Bitmain with Micree Zhan. In 2018 Wu held 20% of Bitmain and Zhan 36%. A power struggle followed. Wu stepped down as co-CEO in 2019 and left Bitmain in 2021.
In 2019 he founded Matrixport in Singapore, which offers crypto custody, lending and structured products. In August 2021 it raised a Series C of about $100 million at a valuation above $1 billion, about $129 million raised in total at that point.