Southeast Asia is the new territory of “Gold Rush” for its burgeoning digital economy. So let us figure out the biggest and largest in the simplest Q&A fashion before we embark on the adventure of becoming a millionaire in the region (answers based on the 2018 report by Google and Temasek.
Q1: Which country in SEA is now the largest internet economy in terms of market size?
Q2: The most developed internet economy market at this stage in this region?
A: Vietnam (measured by the internet economy GMV as % of GDP)
Q3: Which sector is currently the largest and most established for the local internet economy?
A: Online travel
Q4: The most dynamic sector driving the growth of the digital economy?
Q4: The largest e-commerce market in the region?
Q5: The largest e-commerce players in the area?
Q6: Which sector of the internet economy attracts most of the funding?
Q7: Name some of the current bottlenecks pending to be solved in order to unleash the full potential of SEA internet economy?
- Internet infrastructure improvement
- More money
- Building consumer trust for internet services
- Attract more talented professionals
- Development of logistic network
- Wider adoption of digital payment
Whether you really want to be a millionaire or just to impress your friends at the dinner table, the above basic knowledge should really help.
By: Cecilia Wu