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Opinion

Southeast Asia must guard against digital domination risks

Global technology giants threaten region's local entrepreneurs

| Southeast Asia
Asia should care about local entrepreneurs and protect citizens' data.   © Reuters

Southeast Asia has this month taken a groundbreaking step in developing its booming digital economy with an agreement by the Association of Southeast Asian Nations on facilitating cross-border e-commerce transactions.

The idea is to ease restrictions on entrepreneurs in this fast-growing region. But the truth is that instead of assisting local tech businesses Southeast Asia risks domination by a handful of foreign technology companies, mainly coming from China and the U.S.

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