Southeast Asia’s Internet economy is set to hit $50bn in 2017, outpacing earlier growth expectations by 35% and well on track to realising a $200bn internet economy by 2025, according to a report released by Google and Temasek Holdings, the Singapore government’s investment vehicle, called the ‘e-Conomy Southeast Asia Spotlight 2017’.
The report found that ecommerce sales are accelerating in Southeast Asia, reaching $10.9bn in gross merchandise volume in 2017, up from $5.5bn two years ago and growing at 41% compound annual growth rate. The stars were e-commerce and ride-hailing.
Online travel has shot up 18 per cent, while online media expanded with a compound annual growth rate of 36 per cent.
South-east Asian mobile Internet users are among the most engaged globally - spending on average 140 minutes a month on regional e-commerce platforms, versus just 80 minutes on the top platform in the United States.
The report did not name these platforms, but cited Lazada, Shopee and Tokopedia as leading players in South-east Asia. Ride-hailing services will reach US$5.1 billion in gross merchandise value this year, more than double the US$2.5 billion in 2015.
Over six million rides per day were booked on the region's top apps - Go-Jek, Grab and Uber - in this year's third quarter alone, up more than fourfold since 2015.
South-east Asia's Internet economy will account for 2 per cent of the region's gross domestic product this year and is projected to reach 6 per cent by 2025, said the report. This puts it "on a solid trajectory to exceed US$200 billion by 2025", it added.
There are seven Internet unicorns - firms valued at over US$1 billion - in South-east Asia, with four of them based in Singapore: Grab, Lazada, gaming firm Razer and Internet firm Sea.
The other three are based in Indonesia: Go-Jek, travel firm Traveloka and e-commerce firm Tokopedia.
Source : The Strait Times | TheDrum.com
I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to
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understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia.
I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine.
I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan"
I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy
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