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Southeast Asia Consumer Trends 2020
By The Babylonians  •  September 9, 2020
Facebook and Bain & Company recently published a comprehensive report on Southeast Asia consumer trends. Since I have covered Sea Limited (SE) stock, I thought it would be good to look at the key findings. This would align directly with SE’s growth story in the future. Here is the condensed version of it if you don’t want to read through everything. 1. A Surge of Digital Consumers Source: Facebook, Bain & Company In 2019, Bain & Company projected that the number of digital consumers would reach 310 million by 2025. *Digital consumer is someone who purchased a product or service (excluding travel) online in the past 12 months. The shocking discovery is that by the end of 2020, the forecast figure for digital consumers in Southeast Asia is expected to hit 310 million. This target has already been achieved 5 years in advance. This means that the pandemic...
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By The Babylonians
The Babylonians is a personal financial blog inspired by a book titled “The Richest Man in Babylon”. This blog shares insightful and educational content on investing across 3 asset classes: Stocks, REITs and Crypto. The motivation behind The Babylonians is to help the average Joe (using myself as a test subject) escape from the rat race through following certain laws and principles of wealth.
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