Southeast Asia's internet economy is forecast to reach $300 billion by 2025...
SINGAPORE - Southeast Asia’s internet economy is forecast to reach $300 billion by 2025 as millions of people in the region take up online shopping and embrace ride-share food delivery, an industry report said on Thursday.
The annual report lifted its 2025 outlook from $240 billion previously after a tripling in growth in the past four years alone as young internet users turn to their phones to do everything from banking and playing games to purchasing plane tickets. Ride-hailing alone was worth $13 billion, quadrupling in value since 2015, and was expected to reach $40 billion by 2025, when food delivery will be worth as much as transport.
That compares to around 4.4 billion internet users worldwide, up 9 percent on a year ago, according to wearesocial.com, a digital monitoring service.However, there are some significant headwinds to the rapid regional growth, most notably regulatory risks and a shortage of skilled labor.
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