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Side hustlers power Southeast Asia’s US$2 trillion digital future, reveals HSBC-Google Cloud report

Nurdianah Md Nur
Nurdianah Md Nur • 5 min read
Side hustlers power Southeast Asia’s US$2 trillion digital future, reveals HSBC-Google Cloud report
The new Digital Frontiers 2030 report finds that young digital entrepreneurs, affluent BNPL users and AI automation are reshaping Southeast Asia’s economy. Photo: Pexels
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A new breed of digital entrepreneur is reshaping Southeast Asia's economic landscape, and many are doing it on the side.

Seventy-five million digital sellers, content creators and gig workers now drive 58% of Asean's digital economy, generating US$175 billion ($228 billion) in gross transaction volume this year, according to the Digital Frontiers 2030 report by HSBC and Google Cloud. Strikingly, 61% are under 35, and nearly two-thirds juggle these digital ventures alongside their full-time or part-time jobs.

These nano-entrepreneurs are part of a broader transformation that could push Southeast Asia's digital economy to US$2 trillion by 2030 (which is double the baseline projection of US$1 trillion) if regional integration and payment innovations accelerate adoption as expected.

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