Cambodia tech, e-businesses book US$470mil in revenue

Cambodian tech and digital businesses achieved US$470 million in revenue for 2019, according to the latest report from Asian Development Bank released late last month. - PPP

PHNOM PENH (The Phnom Penh Post/ANN): Backed by rapid technological and innovation development, Cambodian tech and digital businesses achieved US$470mil in revenue for 2019, according to the latest report from Asian Development Bank (ADB) released late last month.

Broken down by sectors, e-commerce accounted for 27.6 per cent, e-services 7.8 per cent, digital media 10.2 per cent, advertising technology 12.7 per cent, transportation 3.8 per cent and online travel 37.9 per cent, the Metro Manila-based multilateral lender said in its “Asia Economic Integration Report 2021: Making Digital Platforms Work For Asia and the Pacific”.