Friday 29 Mar 2024
By
main news image

SINGAPORE (Oct 3): Singapore’s e-commerce is set to triple in value to US$7 billion (S$9.7 billion) in just six years, in parallel with rapid growth across Southeast Asia that will see the total internet economy in the region reach a whopping US$300 billion by 2025.

This is according to the e-Conomy Southeast Asia report 2019 released on Thursday by Google, Temasek and Bain & Company.

The report forecasts that the gross merchandise value (GMV) of Singapore’s internet economy will be worth US$27 billion by 2025, which is more than double the US$13 billion GMV expected this year. In addition to e-commerce, online travel, ride-hailing and food delivery services are expected to...(click on link for full story on theedgesingapore.com)

      Print
      Text Size
      Share