SINGAPORE: South-East Asia’s Internet economy will log its slowest growth on record this year, a group of researchers say, as they slashed near-term eCommerce spending estimates for the region by 13%.
Total online spending will rise about 11% this year to US$218bil in the region, research from Google, Temasek Holdings Pte and Bain and Co showed, slowing from 20% a year earlier and reaching its lowest rate since at least 2017.
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