The Covid-19 pandemic has further led to greater usage of internet and technology, preventing the industry from a decline most others have faced.
The technology industry in Southeast Asia is relatively young. Not only is it a late starter compared to Silicon Valley, it is also lagging behind Asian tech giants such as China and India.
However, in the last few years, the industry has seen a significant uptick in volume of business, user base and level of investments, driven by considerable increase in internet penetration and adoption.
