- Home >> Features >> Technology
Southeast Asia’s internet economy set to reach $300bn by 2025
- Friday | 4th October, 2019
SINGAPORE (Reuters) – Southeast Asia’s internet economy is forecast to reach $300 billion by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on Thursday. Southeast Asia internet economy gross merchandise volume growsThere are 360 million internet users across the countries covered in the report – Indonesia, Malaysia, Vietnam, Singapore and the Philippines – up from 260 million four years earlier. That compares to around 4.4 billion internet users worldwide, up 9& on a year ago, according to wearesocial.com, a digital monitoring service. Rights groups have expressed concern the “fake news” law will curb internet freedoms. “Talent remains a pressing constraint despite all efforts by internet economy companies to ‘fill the gap’,” the report said.
If You Like This Story, Support NYOOOZ
Your support to NYOOOZ will help us to continue create and publish news for and from smaller cities, which also need equal voice as much as citizens living in bigger cities have through mainstream media organizations.
