Technology sector dealmaking in south-east Asia hit $19bn in the first six months of 2021, the strongest-ever start to a year, fuelled by acquisitions by leading groups Grab, Gojek and Sea.
Mergers and acquisitions rose 114 per cent compared with 2020, according to data from Dealogic, reflecting investor enthusiasm for one of the world’s fastest-growing internet markets.
South-east Asia is home to about 400m internet users and the digital economy is projected to hit $300bn by 2025, according to a report last year by Google, Temasek, the Singapore state investment company, and consultancy Bain.
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