The yearly report analyzed the five main sectors of Southeast Asia's digital economy – e-commerce, travel, food and transport, online media and digital financial services.
The report also revealed revenue in Southeast Asia's digital economy is expected to hit $100 billion this year, growing 1.7 times as fast as the region's total transaction value.
"Southeast Asia's digital economy is really in the midst of an unprecedented pivot towards profitability.
Despite investors being pickier, "dry powder" increased to $15.7 billion at the end of 2022, up from $12.4 billion in 2021.
"This shows that there is fuel available to propel Southeast Asia's digital economy to the next stage of growth," the report said.
Persons:
Carlina, Hoong, Chadha, Fock, CNBC's JP Ong
Organizations:
Google, Temasek, Bain & Company, Companies
Locations:
Asia, Southeast, Southeast Asia, Indonesia, Malaysia, Philippines, Singapore, Thailand, Vietnam, Brunei, Cambodia, Laos, Myanmar, East Timor, Papua New Guinea