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Friday, May 3, 2024

Slower growth seen in regional internet economy

Thailand on track for $49 billion in total online market value by 2025

Alibaba-owned Lazada is one of the region’s largest e-commerce players. (Photo: Tharittawat Samejaidee)

Southeast Asia’s internet economy will log its slowest growth since 2017 this year, researchers said on Wednesday, as they reduced near-term e-commerce spending estimates for the region by 13%.

Total online spending in the region will rise by about 11% this year to $218 billion, said the e-Conomy SEA 2023 report published by Google, Temasek Holdings and the consultancy Bain & Co. That is down from…

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