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Synopsis
Digitalisation and the pandemic have accelerated the rise and transformation of region’s Internet-services market into an oligopoly in half the time the evolution took in China. As leading players grow into massive platforms linking users with various services, the market is coming to be increasingly controlled by a few powerful players racing to expand ecosystems through mergers and acquisitions.
Southeast Asia is becoming a heated battlefield for tech titans fighting for market share and new users.As leading players grow into massive platforms linking users with various services, the market is coming to be increasingly controlled by few powerful players racing to expand business ecosystems through mergers and acquisitions. The pattern looks a lot like a repeat of China’s tech sector, which is dominated by giants like Alibaba Group
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