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E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

Global Economy

E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

Trinity Chua Published on Tue, Dec 12, 2017 / 12:22 PM GMT+8

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SINGAPORE (Dec 12): Southeast Asia’s internet economy has experienced unprecedented growth over the past year to exceed Google-Temasek initial research projections, with there to be over 330 million active monthly internet users by end-2017 – a 70 million surge in new users since 2015 at 13% compound annual growth rate (CAGR).

Currently, 90% of active users in the region are using the internet on their smartphones, spending an average of 3.6 hours per day on mobile internet, the highest proportion globally.

The Google-Temasek e-Conomy SEA report, which was released in May 2016, predicted for the region’s internet economy to grow to US$200 billion ($270.2 billion) by 2025, and that some US$40-50 billion in investments would be required over a decade to achieve that goal.

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E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

Global Economy

E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

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E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

Global Economy

E-commerce to fuel Southeast Asia's internet economy: Google-Temasek

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