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Wednesday, November 01, 2023

Google, Temasek, and Bain report: Southeast Asia online spending will rise ~11% in 2023 to $218B, down from 20% in 2022, slowing to its lowest rate since 2017 (Olivia Poh/Bloomberg)

Olivia Poh / Bloomberg:
Google, Temasek, and Bain report: Southeast Asia online spending will rise ~11% in 2023 to $218B, down from 20% in 2022, slowing to its lowest rate since 2017  —  - Region's digital economy cools as consumers curb spending  — Researchers cut near-term e-commerce growth estimate by 13%

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