Connect with us

Business

The Magnitude of ASEAN’s e-commerce potential

South East Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade

Boris Sullivan

Published

on

South East Asia’s Internet economy, spanning online shopping to games and advertising, will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc. and Temasek Holdings Pte.

As more consumers get online and shop from smartphones, e-commerce in the region could jump to $88 billion by 2025, a 16-fold increase, according to a report the two companies released in conjunction with a conference in Singapore.

That growth will be driven by an increase in the number of Internet users from 260 million to 480 million by 2020, according to the report.

Indonesia, the biggest economy in South East Asia, is projected to add Net users faster than any other country in the world, according to the report.

Despite such prospects, the region that also includes Malaysia, Singapore, the Philippines, Thailand and Vietnam attracted less than a fifth of the venture capital funding India received in 2014. In 2014, VC investment in Southeast Asia accounted for 0.04% of its gross domestic product. That compares with 0.15% in China, 0.25% in India and 0.3% in the U.S., according to the report.

“There’s a $200 billion opportunity in South East Asia,” Rajan Anandan, managing director of South East Asia and India at Google, told the conference. “Affordable smartphones and affordable data are really driving this revolution.”

Google and Temasek, Singapore’s state-owned investment company which invests in VC firms and startups through its unit Vertex Venture Holdings Ltd., worked together on the report, using Google’s proprietary data, Temasek’s research, as well as interviews with 59 experts.

Source: Magnitude of ASEAN’s e-commerce potential | Alex Bursak | LinkedIn

Comments

Business

How I Started My Online Entertainment Business -Case Study

We all are aware that the internet has taken over everything. Hence, I could not think of a better business option than an online entertainment business

Jeff Pinchuck

Published

on

Creating my own online entertainment business was an experience of a lifetime. The online entertainment industry comprises of series, shows as well as online games. These online games include some gambling sites as well. 

(more…)
Continue Reading

Business

Car Makers Ramp Up EV Production Capacity in Thailand, says BOI

Amid the rising adoption of cleaner cars around the globe, the Thailand Board of Investment (BOI) has already approved 24 projects by car makers to produce in the country electric vehicles of all types.

Avatar

Published

on

By

Amid the rising adoption of cleaner cars around the globe, the Thailand Board of Investment (BOI) has already approved 24 projects by car makers to produce in the country electric vehicles of all types.

(more…)
Continue Reading

Business

Thailand BOI Approves Over 40 Billion Baht Investments in 5 Large Scale Projects

The Thailand Board of Investment (BOI) approved five large-scale projects with a total investment value of 41.8 billion baht (US$1.35 billion) and measures to strengthen the country’s agricultural sector and agro-industry

Boris Sullivan

Published

on

Ms Duangjai Asawachintachit, Secretary General of the BOI
The Thailand Board of Investment (BOI) approved five large-scale projects with a total investment value of 41.8 billion baht (US$1.35 billion) and measures to strengthen the country’s agricultural sector and agro-industry
To continue reading, subscribe today : View subscription options.
Already a subscriber? Sign In here, or use a social media account to login.
Continue Reading

Cart

Most Viewed

Events Calendar

« September 2020 » loading...
M T W T F S S
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
4

Subscribe via Email

Enter your email address to subscribe and receive notifications of new posts by email.

Join 12,883 other subscribers

Latest

Trending