Playing his first final in almost two years, world No. 22 Praneeth lost 21-19, 18-21, 12-21 to the Chinese in the summit clash, which lasted 68 minutes.
India's campaign at the BWF World Tour Super 300 tournament ends after Srikanth, Prannoy and Verma were knocked out earlier in the day.
Viktor Axelsen said the young Lakshya Sen would be among the favourites to win a gold medal at the Los Angeles Games in 2028.
Narender Berwal (+92kg) also put up a strong fight against Ecuador's Gerlon Gilmar Congo Chala but it wasn't enough to advance to the next round
P V Sindhu has been ruled out of action for the next few weeks after scans found a niggle in her left knee.
Sindhu registered a stunning comeback win against Thailand's Phittayaporn Chaiwan
Lakshya Sen mounted a remarkable comeback to become the first male Indian shuttler to qualify for the singles semi-finals at the Olympic Games.
Indian women beat Thailand 3-2 in final, clinch historic gold in Badminton Asia Team Championships
Prannoy looked in good touch as he reeled off five points on the trot to zoom to a comfortable 11-4 lead. However, the Indian was guilty of missing the lines twice and also found the net, allowing Wang to cut the deficit to three points at 11-14.
Sindhu progressed to the quarterfinals with an easy straight-game win over Japan's Aya Ohori
In the women's doubles, Treesa Jolly and Gayatri Gopichand won 21-18, 21-19 against the Dutch duo of Debora Jille and Cheryl Seinen. Treesa and Gayatri face Chinese Taipei's Hsu Ya Ching and Lin Wan Ching in the quarter-finals.
Kidambi outperforms Sen, Sameer scores upset win
How India's athletes fared at the Paris Paralympic Games on Friday.
India have sent an 84-strong contingent of para-athletes, the largest ever in the country's history -- a heady mix of youth and experience, for the Paralympic Games, starting in Paris on Wednesday.
'We know that Mira has to go well beyond the 200kg mark. 202kg will not cut it this time but somewhere around 205-206kg should do it. But we are prepared for the challenge.'
Double Olympic medallist PV Sindhu, who is returning from an ankle injury, begins her campaign against former World Champion Carolina Marin of Spain in the first round of Malaysia Open.
Lakshya Sen's giant-killing run ended with a straight-games defeat to Thailand's rising star Kunlavut Vitidsarn in the final of the German Open Super 300 badminton tournament, Muelheim An Der Ruhr, on Sunday.
Sindhu looked in complete control as she prevailed 21-15, 21-11 over world No. 36 Tan in a 29-minute match.
Sindhu yet again struggled to buck the trend of early exits
India's top shuttlers P V Sindhu and Kidambi Srikanth progressed to the semi-finals of the Korea Open Super 500 badminton tournament with contrasting wins in Suncheon on Friday.
A sojourn in Seoul, one of Asia's largest metropolises, where the ultra-modern coexists with the ancient -- temples and palaces with futuristic skyscrapers climbing to the stratosphere, K-pop with Buddhism, a village within city limits.
Sindhu saw off Sim 21-13, 12-21, 21-14 in a 59-minute women's singles second-round match to register her third win over the Korean world number 34.
Bhavina Patel wins gold in women's singles classes 3-5 category
Sumit got off to a good start, courtesy his agility while dodging the opponent and powerful attacking technique that gave him the upper hand in the first two rounds.
Boe will also help other doubles team under the TOPS -- mixed doubles pair of Satwik and Ashwini Ponnappa and women's doubles duo of Ashwini and Sikki Reddy.
Returning to action after a break, double Olympic medallist P V Sindhu saw off Turkey's Neslihan Yigit in straight games to join compatriots Kidambi Srikanth and Sameer Verma in the second round of the Denmark Open in Odense on Tuesday.
Isharani Baruah and Anmol Kharb shone bright as India all but assured its place in the quarter-finals of Uber Cup after beating Singapore 4-1 in the second tie of Group A, in Chengdu, China, on Sunday.
Chief national badminton coach Pullela Gopichand on Monday singled out world number one doubles pair of Satwiksairaj Rankireddy and Chirag Shetty as favourites for an Olympic medal and said two-time medallist PV Sindhu too is on the right path and can deliver once again at the Paris Games.
None of the other three quarters boast of such a strong star cast but there would be a few mouth-watering opening round clashes to look forward to.
The World No 11 Srikanth will take on China's Lu Guang Zu in the next round.
India's top shuttlers PV Sindhu and Saina Nehwal will be seen in action for the first time since the coronavirus-forced break when they compete in three upcoming tournaments in Bangkok, including the prestigious BWF World Tour Finals.
Srikanth got his act together in the nick of time and reeled off eight straight points to move to a 16-10 lead before keeping his calm to take the match to the decider.
Linette will battle against Canada's Rebecca Marino, the seventh-seed, in the last eight on Friday.
'With technology advancing, we should go all out and put up solar, wind, pumped storage, and battery, and make India go green.'
World No. 15 Sindhu, who will be eyeing her third Olympic medal at the Paris Games in two months time, will face second seed and world no. 7 Wang Zhi Yi of China in the summit clash.
It was a smooth performance from Sindhu as she was hardly tested by the Taiwanese qualifier
Indian pugilists will be determined to overcome the recent setbacks both inside and outside the boxing ring when they aim for the last available tickets to the Olympic Games at the second World Qualification Tournament, starting in Bangkok on Friday.