Chinese dominate Forbes' powerful businesswomen list in Asia

Chinese female executives dominated Forbes' annual list of "50 Power Businesswomen in Asia" this year, the U.S. business magazine said on Thursday.

A total of 14 Chinese women were on the list, including two of Alibaba's top female decision-makers - Maggie Wu and Lucy Peng.

Wu is the online giant's CFO and the driver of its blockbuster IPO, and Peng is a cofounder of Alibaba and the energy behind its fast growing Ant financial-services unit, said Forbes Asia.

Other Chinese powerful businesswomen included Cheng Xue, vice chairwoman of Foshan Haitian Flavoring & Food, and Jean Liu, president of Didi Dache, a taxi-hailing app in China.

According to Forbes Asia, candidates have to be "active in the upper echelons of the business world in Asia, wield significant power and have access to robust financial resources."

This year, 16 countries were represented on the list. 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.