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Google-Temasek study sees $240 billion Southeast Asia internet economy by 2025

SINGAPORE: Southeast Asia’s internet economy is expected to exceed $240 billion (187.02 billion pounds) by 2025, a joint study by Google and Temasek Holdings showed, a fifth more than previously estimated, as more consumers use their smartphones to go online. The study, first published in 2016, encompasses ride-hailing, e-commerce, online travel and online media. The latest report released on Monday adds new sectors such as online food delivery, as well as subscription music and video on demand. It estimated that the…