2023东南亚数字经济报告-124正式版.doc

Reachingnewheights:Navigatingthepathtopro?tablegrowth

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ReferenceDisclaimer

e-ConomySEAisamulti-yearresearch

programmelaunchedbyGoogleandTemasekin

2016.BainCompanyjoinedtheprogrammeas

leadresearchpartnerin2019.Theresearch

leveragesTemasekinsights,Bainanalysis,Google

Trends,primaryresearch,expertinterviews,and

industrysourcestoshedlightonthedigital

economyinSoutheastAsia(SEA).The

informationincludedinthisreportissourcedas

‘Google,Temasek,andBain,e-ConomySEA

2023’,unlessotherwisespeci?ed.

Theinformationinthisreportisprovidedonan‘asis’basis.

ThisdocumentwasproducedbyGoogle,Temasek,Bain,

andotherthirdpartiesinvolvedasofthedateofwriting

andissubjecttochange.Ithasbeenpreparedsolelyfor

informationpurposesoveralimitedperiodoftimeto

provideaperspectiveonthemarket.Itisnotintendedfor

investmentpurposes.All?nancialanalysisisderivedor

estimatedbyBainanalysisusingbothnon-Google

proprietaryandpubliclyavailableinformation.Googlehas

notsuppliedanyadditionaldatafor?nancialanalysis,nor

doesGoogleendorseany?nancialanalysismadeinthe

report.Whereinformationhasbeenobtainedfrom

third-partysourcesandproprietaryresearch,thisisclearly

referencedinthefootnotes.Projectedmarketand

?nancialinformation,analyses,andconclusionscontained

inthisreportshouldnotbeconstruedasde?nitive

forecastsorguaranteesoffutureperformanceorresults.

Google,Temasek,Bain,theirrespectivea?liates,orany

otherthirdpartyinvolvedmakenorepresentationor

warranty,eitherexpressorimplied,astotheaccuracyor

completenessoftheinformationinthereportandshallnot

beliableforanylossarisingfromtheuseofthisreport.

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8theditionofe-ConomySEAbyGoogle,Temasek,Bain:

SoutheastAsia’sdigitaleconomyresearchprogramme

20162017201820192020

Unlockingthe

$200Bopportunity

inSEA

Unprecedented

growth