Ecommerce

Google research in Asean sees e-commerce growth 16-fold to $88 billion by 2025

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.

Published

4 years ago

December 14, 2016

Boris Sullivan

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

Ecommerce

How COVID-19 has changed online shopping forever

Following the pandemic, more than half of the survey’s respondents now shop online more frequently and rely on the internet more for news, health-related information and digital entertainment.

Published

4 weeks ago

November 30, 2020

Pr News

The pandemic has accelerated the shift towards a more digital world and triggered changes in online shopping behaviours that are likely to have lasting effects.

(more…)

Ecommerce

Thailand’s internet economy to hit US$53 billion in 2025

New users in Southeast Asia are coming online at a blistering pace, adding 40M new Internet users this year alone compared to 100M between 2015 and 2019 and 70% of the region’s population is now online.

Published

2 months ago

November 11, 2020

Abhishek Prakash

Internet usage in Southeast Asia continues to multiply, with 40M new users this year alone

Southeast Asia’s Internet sectors continue to see strong growth, hitting $100 billion in 2020, and are on track to cross $300 billion by 2025 stated a report by Google, Singapore state investor Temasek Holdings and business consultants Bain & Co.

(more…)

Ecommerce

The Rapid Growth of Online Scam in South East Asia

Due to the coronavirus pandemic, more people are required to remain at home, spending more time on the internet and increasing the levels of exposure to online scams and fraud.