A new report from Bain & Company and Facebook said e-commerce and other digital trends across the region were accelerated by the Covid-19 outbreak.
from Google, Singapore state investor Temasek and Bain predicted that by 2025, the region's internet economy would grow to $300 billion. It will likely be driven by e-commerce, ride-hailing, and supported by a rise in digital payments.
Even after economies are fully reopened, people in Southeast Asia are 1.5 times less likely to go out in the future compared to their American counterparts, which would mark a massive culture shift in the region, according to the report.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia stocks set to gain after recovery hopes push Wall Street higherAsian stocks were set to climb on Tuesday as confidence in an economic recovery pushed the Nasdaq benchmark to a record high, although doubts about crude supply cuts were likely to keep oil prices under pressure.
Read more »
Asia Pacific stocks set to trade higher as S&P 500 turns positive for the yearAn overnight rally stateside saw the S&P 500 erasing its losses and entering positive territory for the year.
Read more »
What You Should Know Before Raising Backyard Chickens During LockdownMore people are buying hens for eggs during the coronavirus pandemic. Here's what to know before you decide to try it at home.
Read more »
Donald Trump has reignited a debate about regulating speech onlineThe spread of misinformation during the pandemic led to increased moderation on many social-media platforms. This is likely to continue after the crisis is over
Read more »
The Coming Mental-Health CrisisCongress must rethink the American approach to mental-health care during the pandemic.
Read more »