Google has been keen on southeast Asia for a while after the research it conducted pointed to an e-commerce increase of 16-fold to $88 billion by 2025.

There’s a lot to suggest that might be the case, with big names from 500 Startups Management Co. to Google Inc talking up the region.

Its potential to grow into a $200 billion internet economy

“is an idea whose time has come,” Sajith Sivanandan, who oversees Malaysia, Vietnam, the Philippines and new emerging markets at Google, said at Bloomberg’s Asean Business Summit in Hanoi last week.

Google has been keen on southeast Asia for a while, with research it conducted alongside Temasek Holdings pointing to an e-commerce increase of 16-fold to $88 billion by 2025.

500 Startups, meanwhile, one of the region’s most prolific venture-capital firms, is set to add the Philippines to its list of nations with microfunds after making $10 million pools of cash available for new businesses in Thailand and Vietnam.

Source: Asean start-ups expected to hog limelight next year

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

8 Regulations and Policies Supporting Startups in Vietnam

Vietnam has been actively pursuing a strong startup sector for over a decade. In doing so it has enacted several policies and initiatives to stimulate growth and entrepreneurship. Here are eight of those policies and initiatives. to cease operations in Thailand and Indonesia

Local websites showed will end its services in Thailand from March 3 and in Indonesia from the end of the same month. Both units will stop taking orders on February 15.

Thailand and China Launch Joint E-Commerce Training Program

Data showed over 2,000 Thai vocational school teachers and students have participated in the e-commerce training programs since they were introduced in 2021.