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Technology

Deliveries fuel ASEAN digital economy as ride hailing hit hard

COVID forces major internet business players to cater more to stay-home services

Changes in buying behavior arising from the coronavirus pandemic have caused big jumps in the food delivery and online grocery segments of Southeast Asia's digital economy, according to a report by Google, Singapore state investor Temasek and U.S. consultancy Bain and Company.   © Reuters

SINGAPORE -- The travel and ride hailing segments of Southeast Asia's digital economy, once pillars of growth for fast-rising internet businesses in the region, have taken a drastic hit from the coronavirus pandemic.

According to a yearly report released Tuesday by internet giant Google, Singapore state investor Temasek and U.S. consultancy Bain and Company, both sectors shrank 13% in terms of consumer use amid COVID-19, as consumer behavior shifts due to various forms of lockdown to stem virus transmissions in the region.

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