This website requires JavaScript.
Daily Briefing

Southeast Asia's internet economy to hit USD 240 Bn by 2025

Nov 19, 2018 by The Passage Team
Southeast Asia's internet economy to hit USD 240 Bn by 2025

Southeast Asia’s internet economy is set to skyrocket to USD 240 billion by 2025 — about triple the size (USD 72 billion) this year — according to the e-Conomy SEA 2018 report jointly commissioned by Google and Temasek.

The report, which takes into account four key internet sectors, online travel, online media, ride-hailing, and e-commerce, states that the figure is USD40 billion more than their previous forecast in their 2017 report.

This massive growth can be attributed to the region’s mobile-first economy. More users are coming online than before, thanks to the proliferation of smartphones.

Source: e27

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

Follow The Passage Team