'Shockingly low' number of startups in Asia led by women, says JPMorgan

Only 5.7% of startups in Asia-Pacific are led by female entrepreneurs, a percentage that has stayed stagnant for five years, according to a JPMorgan Chase & Co. study. 
 

“The number is shockingly low,” Kam Shing Kwang, chief executive of the JPMorgan’s Asia private bank, said in an interview. “I think sometimes we focus on a few very successful women and say, oh we have arrived. We are minorities.”

Women remain heavily under-represented at the top echelons in high-growth private businesses in the region, with only 848 of nearly 15,000 firms across the region led or founded by a woman, according to