Chinese on top businesswomen list
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E-mail China.org.cn, February 28, 2015
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| Maggie Wu, Alibaba's chief financial officer, is a new face on Forbes' top 50 Asia Power Businesswomen this year. [photo / Shanghai Daily] |
Chinese female executives dominated Forbes' annual list of "50 Power Businesswomen in Asia" this year, with a total of 15 Chinese women on the list, including two of Alibaba's top female decision-makers - Maggie Wu and Lucy Peng.
The list covers 16 countries and regions in Asia and represents a vast range of industries, including traditionally male-dominated ones such as manufacturing and information technology.
Maggie Wu, chief financial officer of China's e-commerce giant Alibaba, is a new face on the list. She helped the company land its record-breaking US$21.8 billion IPO on the New York Stock Exchange in September. She joins Lucy Peng, co-founder of the company and the brains behind its financial arm, Ant Financial. Its potential IPO is expected to make it worth up to US$50 billion.
Taiwan's Enid Huey-Chin Tsai of Hiwin Technology is also on the list, together with Japan's Mayumi Kotani of Yushin Precision Equipment, defying assumptions that making industrial robots is a male-dominated industry.
A number of businesswomen on the list excel in areas where men have held sway.
When it comes to property development, there is Zhang Xin, co-founder and CEO of Soho China, and Sonia Cheng, CEO fo Hong Kong's Rosewood Hotel Group and executive director of New World Development. In venture capital, there is Xu Xin, founder of Capital Today.
Women also maintain their edge in the food industry. Foshan Haitian Flavouring & Food, China's equivalent of Heinz, is headed by Cheng Xue, a newcomer on the list.
"China, the US and the UK are leading the world when it comes to gender equality in business," said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report, which specializes in wealth rankings.
A Hurun Research Institute study last year found that 19 Chinese women were members of the world's 45-strong self-made female dollar billionaire club, with three of them holding the top three spots.
Six women from India also made the list, followed by five from Thailand, four from Singapore and three from the Philippines. Women from Mongolia and Myanmar appeared on the list for the first time.
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