Luxshare Precision's Wang tops Forbes China power business women list

Wang Laichun, chairwoman and founder of electronics manufacturer Luxshare Precision, tops the 100 power business women in China list, again, which was released by Forbes China on Tuesday.

As a key supplier to Apple Inc, Luxshare Precision posted revenue increasing 79.3 percent to 145.25 billion yuan ($20.83 billion) in the first three quarters of 2022, according to Forbes China.

Dong Mingzhu, chairwoman of Gree Electric Appliances, grabbed second place on the list. Meng Wanzhou, deputy chairwoman, rotating chairwoman and CFO of Huawei, ranked fourth.

As the ninth edition of the Forbes 100 power business women, the list covers female executives in Chinese listed companies, women leaders of top multinational performers at Forbes Global 2000 List, as well as women entrepreneurs of unicorns.

The top 100 women entrepreneurs were selected out of thousands of candidates for their achievements in their current role of running a business with sizable revenue, capital market performance, market scale, industry influence as well as innovation, according to Forbes China, adding that nearly one fourth of this year's top 100 are from bio-medicine and the massive health industry.

With an average age of 51, 35 percent of the top 100 women entrepreneurs this year are new comers, and over 60 percent of them own a master's degree or above (including MBA and EMBA), and over one fourth of them hold a background of studying abroad.

Market value of companies ran by the top 100 women entrepreneurs has exceeded 5.5 trillion yuan, according to Forbes China.

Shanghai, Beijing, and Hangzhou are the three cities with most women entrepreneurs on the list, accounting for half of the list in numbers.