Lee, 2019 Hong Kong open winner, had finished as runner-up in the last edition and his dream of winning the title remained unfulfilled after he went down in the final for the second time in two years.
In the quarterfinals, Lakshya will face Malaysian qualifier Leong Jun Hao.
Star Indian shuttlers Satwiksairaj Rankireddy and Chirag Shetty fought valiantly before going down to the Chinese duo of Liang Wei Keng and Wang Chang in an exciting men's doubles final of the China Masters Super 750 tournament
Satwik has been working with sport & performance psychologist Shree Advani
Sindhu pulls out of Uber Cup
Badminton is not as popular as cricket in India and therefore comparatively does not attract as many sponsors.
Former world champion weightlifter Mirabai Chanu's proposal to train in Paris ahead of the Olympic Games was on Monday cleared by the government.
It was yet another creditable performance from the Indian pair, which had claimed its maiden Super 1000 crown at the Indonesia Open last June.
Earlier, a series of unforced errors and bad line judgements put Srikanth, world ranked 24, on the back foot as world No. 20 Ka Long looked in fine fettle during the 38-minute men's singles match.
Swiss Open champion Satwiksairaj Rankireddy and Chirag Shetty strengthened their world number six position, while women's doubles pairing of Treesa Jolly and Gayatri Gopichand was static at the 18th position.
Two-time Olympic medallist PV Sindhu and HS Prannoy have been handed relatively easy groups for the Paris Games, which begin on July 26.
Sindhu is the only Indian to feature in the women's singles competition.
Neeraj Chopra's preparatory camp in Switzerland gets ministry approval
Kiran George lost to World champion Kunlavut Vitidsarn of Thailand in the quarter-finals of the Indonesia Masters.
Karnataka Chief Minister Basavaraj Somappa Bommai was quick to felicitate the 20-year-old native of Almora in Uttarkhand who is now based in Bengaluru where he trains at the Prakash Padukone Badminton Academy.
Satwik and Chirag have looked in ominous form, winning the Asian Games gold in Hangzhou, a Super 1000 crown in Indonesia, the Korea Open Super 500 and the Swiss Open super 300 last year before grabbing a a career-best ranking of World No.1, albeit for a brief time.
Parupalli Kashyap entered the quarterfinals after top seed and Olympic champion Axelsen gave a walkover.
A look at how India's athletes fared on Day 4, Tuesday, July 30, 2024:
Satwiksairaj Rankireddy and Ashwini Ponnappa notched up an upset win over the World No 8 and second-seeded Indonesian pair of Hafiz Faizal and Gloria Emanuelle Widjaja in the opening round.
The Indian men's badminton team scripted a memorable 3-2 win over Malaysia to enter the semifinals of Thomas Cup for the first time in 43 years
The year 2023 will go down as extremely memorable for the Indian sports fraternity as players across various disciplines came together to script history at the Asian Games held in Hangzhou.
The top seeded Indian duo, who reached the semi-finals of the season-opening Malaysia Open super 1000, was scheduled to face Chinese Taipei's Su Ching Heng and Ye Hong Wei in the opening round.
Sindhu registered a stunning comeback win against Thailand's Phittayaporn Chaiwan
Indian badminton team created history on Sunday as they lifted the Thomas Cup trophy for the very first time.
Lakshya's Paris hopes brighten, enters No.15 in Olympic Games qualification
Satwiksairaj and Chirag won 21-17, 21-11.
Srikanth fought hard for 55 minutes against second seed Chou Tien Chen of Chinese Taipei
Double Olympic medallist PV Sindhu will spearhead the women's challenge in both the Commonwealth and Asian Games while London Olympics bronze winner Saina Nehwal did not expectedly feature in the squads.
Satwiksairaj Rankireddy and Chirag Shetty went down fighting to Olympic champions Lee Yang and Wang Chi-Lan of Chinese Taipei at the Japan Open.
Summary of sports events and persons who made news on Friday
China's second mixed doubles team Zheng Si Wei and Huang Won Ho avenged their compatriots' defeat shortly after, making quick work of South Korea's Kim Won-ho and Jeong Na-eun 21-13, 21-14.
India's Kiran Geroge moves to quarters, Ashmita bows out of Thailand Open
Satwiksairaj Rankireddy and Chirag Shetty staged a grand comeback after losing the opening game to beat top seeds Fajar Alfian and Muhammad Rian Ardianto of Indonesia in the final and win the Korea Open Super 500 badminton tournament, in Yeosu, on Sunday.
Defending champions India's hopes of entering the Thomas Cup knockout stage as group topper were dashed by a clinical Indonesia who emerged 4-1 winners in their final pool match in Chengdu on Wednesday.
Satwiksairaj Rankireddy and Chirag Shetty entered the final of the Korea Open Super 500 badminton tournament with a thrilling straight-games victory over the world No.2 Chinese pair of Liang Wei Keng and Wang Chang, in Yeosu, on Saturday.
Both Sen and Srikanth are fighting to be inside the top 16 by April 28 next year to qualify for the Paris Olympics.
Prannoy registered a 21-18, 22-20 win over the world number 12 Chen
Srikanth exits from Indonesia Open, loses in quarterfinals to Li Shi Feng
Returning to action after recovering from a back injury, star India shuttler H S Prannoy emerged as the lone Indian survivor at the Japan Masters, advancing to the second round after a gritty victory in Kumamoto on Wednesday.