AsianFin -- Gree Electric Chairwoman Dong Mingzhu has fallen off Fortune China’s 2025 “Most Powerful Women in Business” (MPW) rankings, marking her first absence since the list’s inception 15 years ago.

The latest edition, released on July 2, saw Luxshare Precision Chairwoman Wang Laichun retain the top spot for a third consecutive year, underscoring the rising influence of female leaders in China’s tech and manufacturing sectors.