She was the founder of Caijing magazine in 1998. In November 2009, Hu Shuli resigned from Caijing along with 90 percent of Caijing's journalists, barely a few weeks after the resignation of Daphne Wu Chuanhui and nearly 70 employees from the business department,[10] and created the breakthrough new media group, Caixin Media and acted as editor-in-chief,[11] Observing the situation, Diane Vacca at Women's Voices for Change quoted Chinese blogger Hecaitou: "She’s got blood on her blade, and her clothing smells of gunpowder.”[12]