Wushu was, is, and will be my favourite mod but the community of wushuers pretty much died out, it wasn't that big in the first place anyway. Playing with randoms is suffering as most of them either run or can't comeback properly.
Back in the days you could find wushu servers with odlov, kamiko, sahee, stabz (generally old RA, Alpha, also HUNG rosters) and play some good and fast matches, but that was 2008-2009. Later on we moved to longer matches with mods such as wushu3, brushu and up to 2012-2013 you could still play cool games if you were lucky and knew right people. If I were to count, I guess I could find around 100 replays from my matches with thrandir from brushu with 2000 frames, at the end of which we could move like 5 joints tops due to all those fracs and stuff, fun times.
As for the events/tourneys, people play those to win, good matches happens from time to time, but when it comes to wushu, it is just too easy to cheese your way out, ergo, there is no point hosting those. You could try to introduce some soft rules to prevent running but that creates just more of a mess, people get buttblasted ('that wasn't running, I simply misclicked' etc - just a reminder, soft rules aren't really allowed anyway) and generally we don't want to restrict players' freedom, so it's highly unlikely for the event like that to be hosted by GM team.
I ocassionally host zakshu.tbm tourneys, which is, more or less, wushu with round dojo - it is not the same as you need to control your speed and altitude more, not to get yourself outside of the dojo, but that's the closest thing to wushu I'm brave enough to host without worrying about it turning into a pure running fest.