OpenWebAsia co-founder Chang W. Kim said that innovation is something that Asian companies have to strive for as there are few success stories from Asia.
"The right question to ask is what problem are we trying to solve?" he said, explaining that if a company can solve a problem that exists everywhere, then this company can become a global player."
And it's not about being the first one to come up with a new idea, he said. "The tech industry is not about who is inventing something first but who executes it right the first time."
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