At a time of global economic angst, Asia’s 50 Power Businesswomen list gets a shake up, with more than 27 newcomers and several well-known names dropping off.

The candidates selected for this list – which is presented alphabetically and is not intended to be a ranking – are active in the upper echelons of business in Asia, wield significant power and financial resources, and have outshone their peers over the past year.

Despite China’s slowdown, a core group of this year’s winners is creating wealth in the country’s manufacturing sector, including Ma Xiuhui, who started a company churning out traditional light bulbs and now illuminates homes around the world with her Opple LED lighting, and Mou Jinxiang, whose Lianhe Chemical sells specialty chemicals to giants such as Dow Chemical DOW -0.96% and BASF .

Roughly a quarter of the new candidates are in technology: Jane Yan founded Venustech, an Internet security company that claims 80% of China’s government and military business, while Eva Chen is back in the rankings as her Japan-based Trend Micro tackles security for the Internet-of-Things.

Lucy Peng, with two multibillion-dollar companies under her belt, solidifies her position as one of tech’s most powerful executives. After cofounding e-commerce giant Alibaba she set up its online financial services arm Ant, which is reportedly targeting a swoon-inducing $50 billion valuation in its latest financing round. That would make it one of the most valuable private companies ever.

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