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Singapore Internet economy to hit US$12 bil this year: Google-Temasek report

PC Lee
PC Lee10/3/2019 03:11 PM GMT+08  • 3 min read
Singapore Internet economy to hit US$12 bil this year: Google-Temasek report
Singapore now has five million Internet users, says the e-Conomy Southeast Asia report 2019 published by Google, Temasek and Bain.
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SINGAPORE (Oct 3): Singapore now has five million Internet users, says the e-Conomy Southeast Asia report 2019 published by Google, Temasek and Bain & Company.

And the city state’s Internet economy is expected to hit US$12 billion ($16.6 billion) this year and more than double to US$27 billion by 2025, up from US$7 billion in 2015.

The report also found that Singapore has become an established gateway for funding in South-east Asia, and companies based in Singapore have raised more than US$23 billion since 2016.

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