Google-Temasek report predicts Southeast Asia's internet economy will exceed $240 billion by 2025 [CNBC]
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Source: CNBC
Pakin Songmor | Moment | Getty Images Landscape of the Singapore financial district and business building, Singapore City Southeast Asia's internet economy is predicted to exceed $240 billion by 2025 as affordable mobile internet drives rapid growth in sectors such as e-commerce and ride-hailing, according to a new study released by Google and Singapore's Temasek Holdings on Monday. That's $40 billion more than a previous estimate the companies made in 2016 . The study focused on six Southeast Asian countries — Singapore, Indonesia, Malaysia, Vietnam, Thailand and the Philippines — across four main areas: ride-hailing, e-commerce, online media and online travel. Within those areas, the report added new sectors such as online food delivery, music subscriptions and video on demand. By the end of 2018, the region's internet economy is predicted to be about $72 billion, up 37 percent from a year earlier, as measured by gross merchandise val
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