'Won't invest in women CEOs': Sexism is alive and kicking in the VC space

It turns out there's still a lot of work to be done, reports Tech in Asia

China's investment and business world has the reputation of being more equitable than that of other Asian countries — or in some ways, Silicon Valley. 

It turns out there’s still a lot of work to be done.

"Rule number 10: we usually don’t invest in female CEOs," stated Luo Mingxiong from Jingbei Investment, an early-stage VC firm, in a public presentation last week in Beijing.

"It’s not because of any kind of prejudice. Just think about it carefully […] besides giving birth to children, what can women do better than men? Nothing," added a blog post from the VC firm summarising Luo’s speech.