| | | | | | | | Southeast Asia’s internet economy to hit $300 billion by 2025 | |
| Google, Temasek Holdings and Bain & Company just released their 2019 annual report on Southeast Asia’s internet economy and the results are astounding. | |
| Here are some key highlights: | | | • | The report lifted its 2025 outlook from $240 billion previously to $300 billion now after a tripling in growth in the past four years alone. | | | • | There are 360 million internet users across the countries covered in the report – up from 260 million four years earlier. | | | • | The online industry is expected to grow by 200% over the next five years from an estimated $100 billion this year. | | | • | More than $37 billion has been invested in Southeast Asian online companies over the past four years, with the majority going into e-commerce firms and ride-hailing unicorns. | | | • | Ride-hailing alone was worth $12 billion, quadrupling in value since 2015, and is expected to reach $40 billion by 2025. |
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| Find out what potential headwinds you need to be mindful of, as you look to tap on Southeast Asia’s staggering growth prospects. | | | | | | | McKinsey Global Institute: Asia’s global clout growing despite trade wars
Even as the US-China trade war weighs on the region, McKinsey is bullish about Asia’s robust long-term prospects. In its latest report, McKinsey states that by 2040, the region’s economies may be home to more than half of the world’s middle class and account for 39% of global consumption. Find out how Asia is poised for growth more than ever before. | | Read more |
| | | The Future of Technology: 8 key drivers of change for Tech in APAC
What will determine the pace and type of change in the tech industry? What should future-focused companies do to prepare themselves for digital transformation? Global recruitment firm Michael Page consulted the CIO of Estee Lauder, the CTO of China’s leading fintech player Creditease and Head of Technology at Citi Taiwan to present this special series on the future of technology.
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| SINGAPORE TOPS THE CHARTS | | |
| UPCOMING EVENTS | | [11 - 13 Nov] TechInnovation 2019 | | A premier technology-industry matching event that brings together international technology providers and enterprises to explore technology commercialisation and initiate business collaboration through open innovation. | | Find out more |
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