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E-commerce sales of new goods will reach $10.9 billion in gross merchandise value in 2017, almost double their level in 2015.
SINGAPORE — Southeast Asia’s internet economy, spanning online travel to ride-hailing, will reach $50 billion this year, putting it on a solid trajectory to grow fourfold by 2025, according to a joint research report by Google and Temasek Holdings Pte.
As more consumers buy airline tickets and book hotels through smartphones, the region’s online travel market expanded from $19.1 billion in 2015 to $26.6 billion in 2017, according to a report the two companies released Tuesday. The research covered four key sectors of the internet economy: travel, media, ride-hailing and e-commerce.
Online shopping and ride-hailing have come into focus as Grab, Uber Technologies Inc. and Go-Jek capture consumer preferences with evolving business models. Of the $12 billion of capital invested in Southeast Asian internet companies since 2016, $9 billion was raised by its unicorns, or startups with more than $1 billion valuations. The region, which includes Singapore, Indonesia and Malaysia, raised just $1 billion in 2015.
“This shows how global and regional investors have favored the largest and most established internet companies,” the report said.
The growth is being driven by a surging number of new smartphone users. Southeast Asia will have 330 million monthly active internet users by the end of 2017 — equivalent to the size of the U.S. population — after adding more than 70 million users since 2015.
E-commerce sales of new goods will reach $10.9 billion in gross merchandise value in 2017, almost double their level in 2015, according to the report.
Southeast Asia’s ride-hailing market, which is fiercely contested by Grab, Uber and Go-Jek, is expected to double from 2015 to $5.1 billion in 2017, before reaching $20.1 billion in 2025.
“Millions of users transact and play on their platforms on a daily basis, giving them a head start as they aim to build digital payment services accepted by online and offline merchants,” the report said.
By Yoolim Lee, with assistance from Kyunghee Park; editor: Robert Fenner and Peter Elstrom.
Usain Bolt confirms he will run the 100m and 4x100m relay at the World Athletics Championships in London in August.
Bolt, an eight-time Olympic gold medallist and an icon of world sport, has led one of the most illustrious careers in the history of athletics.
“My aim is to win in London. I want to retire on a winning note,” the Jamaican 30-year-old said on Wednesday.
The World Championships take place from 4-13 August.
The men’s 100m final is due to place on Saturday, 5 August, while the men’s 4x100m relay race – which will mark the end of Bolt’s career – takes place on the following Saturday.
Bolt has won the 100m, 200m and 4x100m gold at the past three Olympic Games – Beijing 2008, London 2012 and Rio 2016.
However, his unprecedented ‘triple triple’ of nine gold medals was downgraded to eight after Jamaican team-mate Nesta Carter, who was part of the quartet that won the 4x100m in Beijing, tested positive for a banned substance. Carter has appealed against the decision.
Nollywood actress Mercy Aigbe has claimed that her husband Lanre Gentry has been physically assaulting her.
This revelation comes after a week of back and forth between the actress and her husband in the media.
She revealed this on her Instagram page today, Friday, May 5, 2017. You can read her post below; On April 28, 2017 it was widely reported that Mercy Aigbe had moved out of her matrimonial home after years of domestic violence.
If you’ve ever dreamed of a network devoted to superhero TV shows, it’s your lucky day.
DC Entertainment and Warner Bros. Television — the producers behind small-screen superhero favorites like The CW’s Flash, Arrow and Supergirl — are launching their own digital streaming service in 2018, designed to be a shot of pure DC Comics goodness that will be delivered direct to fans.
“Titans” will anchor the live-action and animated series slate.
Stockholm (AFP) – A Swedish court on Tuesday sentenced three young men to prison for gang raping a woman and livestreaming the attack on Facebook.
Reza Mohammed Ahmadi, 21, was sentenced to two years and four months in prison for rape and accessory to rape, while Maysam Afshar, 18, was sentenced to one year in prison for rape, a reduced sentence because of his age.
Both are Afghan citizens who have been granted residency in Sweden.
Emil Khodagholi, a 21-year-old Swedish citizen, was sentenced to six months in prison for aggravated defamation for posting the rape on Facebook, and for failing to report it.
The men were arrested in the town of Uppsala northwest of Stockholm on January 22 after members of a closed Facebook group, which has 60,000 members, saw the attack streamed live and alerted police.
The film has since been removed from Facebook but it has been circulated on the internet.
Swedish prosecutors argued that Khodagholi had encouraged his friends, and “laughed and in close proximity filmed the incident with his mobile phone, and posted it live or very shortly after the rape on Facebook.”
All three denied committing any crime. Ahmadi and Afshar admitted having sex with the woman but said it was consensual.
Khodagholi argued he was not the only one to film the events, and claimed he was unaware the victim did not want the images to be public.
But prosecutors said the woman was “heavily drunk” and “under the influence of drugs”, which the men must have also noticed, the Uppsala district court said in a statement.
“It’s not possible for a person in such a situation to consent (to sex),” judge Nils Palbrant said in a statement.
The men were also ordered to pay damages totalling 335,000 kronor ($38,000, 34,850 euros) to the victim.