Google-Temasek study sees US$240bil South-East Asia Internet economy by 2025


Women use their mobile phones while waiting for a bus at rush hour in Bangkok, Thailand October 4, 2018. REUTERS/Jorge Silva

SINGAPORE: South-East Asia's Internet economy is expected to exceed US$240bil (RM1tril) by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online.

The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media. The latest report released on Nov 19 adds new sectors such as online food delivery, as well as subscription music and video on demand.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Google; Temasek; Go-Jek

   

Next In Tech News

Elon Musk says Tesla will spend $500 million to expand charging network
Binance registers with India's financial watchdog as it seeks to resume operations
FBI working towards nabbing Scattered Spider hackers, official says
Crypto group with 440,000 members launches PAC to target House, Senate elections
TikTok to start labelling AI-generated content as technology becomes more universal
Hong Kong businesses embrace potential of silver economy with more services, tech for rising number of elderly
China carer devotes life to solitary elderly man for 12 years, gets five flats worth millions in thanks for efforts, wins plaudits online
Einstein and anime: Hong Kong university tests AI professors
Foxconn's Q1 profit to jump from low base, AI to power growth
China tech giant Baidu VP apologises after backlash over tough style

Others Also Read