Record e-commerce Investments Bounces Internet Economy Back To Life
Global investors pumped in a record US$11.5 billion into Southeast Asia’s tech companies in the first half of this year, with the bulk of funds going into e-commerce and the digital financial services sector, according to a new industry report.
The number of deals between January and June in 2021 rose by 65 per cent compared to the same period last year, suggesting a rebound from the pandemic-induced slowdown in 2020, when US$11.6 billion flowed into the internet economy.
The figure was US$12 billion in 2019, according to the report by Google, Singapore’s state investor Temasek and management consultancy Bain & Company.