|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Business & Economy (Click here for more)

Southeast Asia’s Internet Economy to Hit $100 Billion This Year

BANGKOK – Southeast Asia’s Internet economy is estimated to hit $100 billion in 2019, a 39-percent increase compared to last year, according to industry forecasts released on Thursday.

The annual “e-Conomy SEA” report presented by the Singapore-based investment firm Temasek also projected that the region’s digital economy could reach up to $300 billion by 2025.

“The region has tremendous potential for further growth thanks to fundamental consumer behavior changes, growing Internet connectivity and more,” the report said.

“Investors remain bullish about Southeast Asia despite the global economic headwinds, with over $37 billion of capital poured into the region’s Internet economy over the past four years,” it added.

With over 360 million people across the region having online access, users have become used to performing day-to-day tasks such as shopping, booking a cab or making e-payments through the Internet.

Though more than half of Southeast Asia’s Internet economy remains concentrated in just seven sprawling metropolitan areas (Bangkok, Hanoi, Ho Chi Minh City, Jakarta, Kuala Lumpur, Manila and Singapore), activity in other areas is witnessing rapid growth.

According to the report, 11 e-commerce and ride-hailing unicorns – such as regional giants Grab, Lazada or GoJek – attracted two out of every three dollars raised since 2016.

In addition, $5 billion have been invested in more than 70 so-called “aspiring unicorns” – tech startups valued at between $100 million and $1 billion – that are “on the lookout for late-stage funding to scale further.”

 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2020 © All rights reserved