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Tan Su Shan Tops Fortune’s Most Powerful Women in Asia as New Influential Women List Debuts

Fortune widens its definition of influence to reflect the region’s AI-driven power shift.

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Asia’s most powerful woman in business this year is DBS CEO Tan Su Shan, who assumed the top role at Southeast Asia’s largest bank in March.

Overview

  • Fortune released its 2025 Most Powerful Women in Asia ranking and introduced a 12-person Most Influential Women Asia list spanning pop culture, public policy and professional sports.
  • DBS CEO Tan Su Shan, who took the helm in March, ranks No. 1 as she navigates a volatile year marked by trade tensions and the resurgence of cryptocurrencies.
  • Luxshare founder Grace Wang places second; media reports cited by Fortune say the Apple supplier is winning new clients including OpenAI, a claim not confirmed by the companies.
  • Huawei CFO Meng Wanzhou is No. 3 and has begun a six-month term as rotating chair, overseeing a push toward locally made AI chips and greater tech self-sufficiency in China.
  • HKEX chief executive Bonnie Chan ranks fourth with momentum from major listings of CATL and Zijin, while Foxconn’s rotating CEO Kathy Yang is fifth as server assembly revenue surpasses iPhones.