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

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

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A silhouetted pedestrian near the Roppongi Hills complex in Tokyo, Japan, on Saturday, Oct. 1, 2022. | Photo: Bloomberg

Denise Wee | Bloomberg
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