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SE Asia's digital economy set to hit USD100bn in revenue this year


Southeast Asia's digital economy is projected to reach USD100bn in revenue this year, growing 1.7 times faster than the gross merchandise value (GMV), according to a report by Google, Temasek, and Bain & Company. Despite global economic challenges, the region's GMV is set to hit USD218bn, with an 11% annual growth. For digital companies to attract investments, clear profitability paths are essential, according to the report. Although SE Asian private funding has decreased, dry powder has increased, indicating potential for future growth. The digital financial services sector remains a top investment choice, while businesses shift focus to monetisation. E-commerce and online travel are experiencing significant growth, and the adoption of digital financial services continues to rise, particularly in digital payments and lending.

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