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.
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.