Southeast Asia internet economy to grow 11% y/y in 2023

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SINGAPORE - Southeast Asia's internet economy is expected to grow 11% year-on-year in 2023, slowing from last year's 20% growth, an industry report showed on Wednesday.

The annual report published jointly by Alphabet's Google, Singapore state investor Temasek Holdings and global business consultants Bain & Company, also said the region's internet economy is seen worth $295 billion by 2025, down from a previous estimate of $330 billion.

 

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