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Business trends

Southeast Asia eclipses China as world's mobile economy hot spot

Thais, Indonesians and Singaporeans are big-time online bankers, shoppers and ride-hailers

Home to Southeast Asia's largest ride-hailing service provider, Singapore is No. 1 in the world when it comes to people grabbing taxis via a mobile app.   © Reuters

SINGAPORE -- Southeast Asians are outpacing the Chinese in embracing the mobile economy, with higher percentages of the population in several countries using smartphones to do their banking, to shop and hail rides.

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