Three Charts That Explain Boom in Southeast Asia's Net Economy
- The region is likely to reach $72 billion in 2018, report says
- Google, Temasek estimate it will top $240 billion by 2025
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Southeast Asia’s internet economy is on pace to expand 37 percent this year to $72 billion and is projected to exceed $240 billion by 2025, according to a joint research report by Google and Temasek Holdings Pte.
The region’s internet economy is being fueled by 350 million online users who are buying airline tickets and goods, ordering rides and food with their smartphones across Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. The annual research report covers gross merchandise value in four sectors of the internet economy: e-commerce, ride-hailing, online media and travel.