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1、1Disclaimere-Conomy SEA is a multi-year research program launched by Google and Temasek in 2016.Bain&Company joined the program as lead research partner in 2019.The research leverages Bain analysis,Google Trends,Temasek research,industry sources and expert interviews to shed light on the internet ec

2、onomy in Southeast Asia.The information included in this report is sourced as“Google,Temasek and Bain,e-Conomy SEA 2020”except from third parties specified otherwise.The information in this report is provided on an“as is”basis.This document was produced by Google,Temasek,Bain and other third parties

3、 involved as of the date of writing and are subject to change.It has been prepared solely for information purposes over a limited time period to provide a perspective on the market.Projected market and financial information,analyses and conclusions contained herein should not be construed as definit

4、ive forecasts or guarantees of future performance or results.Google,Temasek,Bain or any of their affiliates or any third party involved makes no representation or warranty,either expressed or implied,as to the accuracy or completeness of the information in the report and shall not be liable for any

5、loss arising from the use hereof.Google does not endorse any of the financial analysis in this report.Google internal data was not used in the development of this report.Reference2e-Conomy SEA2015-2025e-Conomy SEASpotlighte-Conomy SEA2019e-Conomy SEA2020Unlocking the US$200B digital opportunity in S

6、outheast AsiaUnprecedented growth for Southeast Asias US$50B Internet economySwipe up and to the right:Southeast Asias US$100B Internet economyAt full velocity:Resilient and racing ahead e-Conomy SEA2018Southeast Asias Internet economy hits an inflection point201620182017201920205th edition of e-Con