Counterfeiters. A warning from lego as its boss in china cant tell the difference between the fake and The Real Thing. And the mainlands most Famous Tech Giant Ali barack obama reports strong revenues and looks to soar even higher with the cloud. Good morning, asia and hello, world. Its a wednesday and glad you could join us for this edition of Asia Business report. We kick off with lego and the danish owned company has told the bbc that authorities in china need to do more to tackle fake goods after the man in charge of legos huge new factory in the mainland failed to spot a fake piece from The Real Thing. Lego is currently involved in legal action against one chinese manufacturer it claims is ripping off its products. Heres robin in shanghai. Billions and billions of these little plastic bricks have been sold the world over and now lego is betting big on china. What started out with Hand Cut Bricks in denmark in 1949 is now 100 out with Hand Cut Bricks in denmark in 1919 is now 100 m
Prime Minister Narendra Modi speaking at Nasscom Technology and Leadership Forum. Credit: Twitter/@nasscom
The country is not short of ideas, Mr. Modi said, adding that it needs mentors to help turn ideas into reality.
Prime Minister Narendra Modi on Wednesday asked the startup founders in India to not restrict themselves to valuations and exit strategy but focus on creating products that will set a global benchmark on excellence.
“I want to tell our Startup founders that don t limit yourselves to only valuations and exit strategy. Think how you can create institutions that will outlast this century. Think how you can create world class products that will set a global benchmark on excellence,” Mr Modi said, at the inaugural session of the Nasscom Technology and Leadership Forum (NTLF) 2021.