News Snapshot:
SINGAPORE – Investments in South-east Asia’s (SEA) internet economy hit an all-time high this year amid the Covid-19 pandemic. An internet economy research report by Google, Temasek and Bain & Company that was released on Wednesday (Nov 10) found that 2021 is shaping up to be SEA’s busiest deal year in recent times, with the US$11.5 billion (S$15.49 billion) deal value for the first half of the year on track to surpass 2020’s full-year value of US$11.6 billion (S$15.63 billion). This is largely driven by big-ticket deals such as courier start-up J&T Express’ US$2 billion (S$2.69 billion) deal and one...
