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

https://www.bloomberg.com/news/articles/2019-10-03/southeast-asia-s-internet-economy-to-top-100-billion-this-year

Southeast Asia’s internet economy is on track to exceed $100 billion this year before tripling by 2025, becoming one of the world’s fastest-growing arenas for online commerce thanks to a youthful population increasingly comfortable with smartphones.

The value of online transactions in areas from internet retail to car-hailing should reach $300 billion by 2025, fueled by an existing population of 360 million online users, according to a research report by Google, Temasek Holdings Pte and Bain & Co. The region, home to ride-hailing Grab and Alibaba Group Holding Ltd.’s e-commerce site Lazada, includes four countries -- Thailand, Philippines, Indonesia and Malaysia -- in the top 10 globally in terms of time spent by users online, the study showed.

Online Boom

E-Commerce is the fastest growing sector in Southeast Asia's $100 billion web economy

The annual report, previously helmed by Google and Temasek, measures gross merchandise value in e-commerce, ride-hailing, online media and online travel and has become a prime reference for the region’s internet industry. Bain joined as a lead partner this year and the study encompassed digital financial services for the first time.

Southeast Asia Rising

Indonesia is the biggest contributor to the internet economy's growth in the region

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