SEA digital economy made $14.5 billion profits in 2024, e-commerce and super apps narrow losses

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Singapore’s digital economy gross merchandise value grew 13 per cent to US$29 billion.

This exceeded the US$6 billion raised in 2019,” he said.“We see this as a healthy sign, a normalisation of the funding environment as South-east Asia’s premier cohort of unicorns reach maturity.

The region is also shaping up its artificial intelligence (AI) story, with over US$30 billion committed in investments for data centres to support AI in the first half of 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChadChinaIndonesiaMalaysiaMaliPhilippinesThailandUnited StatesVietnam

Topics: Report 2024 Made South-east Cent Growth Billion Digital Region Economy 2023

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 15:55:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1063 words

Reading Time: 6 minutes read

Sentences: 53 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23427179

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