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Google report: Southeast Asia's digital economy to triple to $240 billion by 2025
2018-11-19T04:00:47Z - Jon Russell / TechCrunch
It may sit in the shade of China and India, but tech has real growth potential in Southeast Asia. Home to a cumulative 650 million people, the region’s digital economy is forecast to triple in size and reach $240 billion over the next seven years, according to Google’s third “e-Conomy SEA” report. Speaking of outsized, the report sheds some light on how the region’s largest companies utterly dominate its funding landscape. Billion-dollar companies in Southeast Asia sucked up $16 billion of the $24 billion invested in the region of the last four years, with Grab alone responsible for $6 billion of that figure. “More than 2,000 internet economy companies in the region have secured investments, with companies valued less than $1 billion able to raise collectively almost $7 billion in the last three years.

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