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Google and Temasek eye $200 billion in Southeast Asia

Staff writer |
South-east Asia's internet economy will surge sixfold to about $200 billion in the next decade, according to joint research by Google Inc and Temasek Holdings.

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As more consumers get online and shop from smartphones, e-commerce in the region could jump to $88 billion by 2025, a 16-fold increase, according to a report the two companies released in conjunction with a conference in Singapore.

That growth will be driven by an increase in the number of Internet users from 260 million to 480 million by 2020, according to the report.

Indonesia, the biggest economy in South-east Asia, is projected to add Net users faster than any other country in the world, according to the report.

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