Southeast Asia internet economy to hit $1 trln by 2030, report says

FILE PHOTO: Traffic moves on a road past advertisements of Indian online marketplace Amazon, in Mumbai, India, October 15, 2015. REUTERS/Shailesh Andrade

SINGAPORE (Reuters) - Southeast Asia's internet economy is forecast to reach $1 trillion by 2030, as tens of millions more people take up online shopping and embrace food delivery, an industry report said on Thursday.

The report, by Alphabet's Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company, said the region had added 60 million new internet users since the start of the coronavirus pandemic, taking the total to 440 million.