Singapore can be an effective launch pad for Chinese digital companies to expand into the region, says Minister for Trade and Industry (Industry) S. Iswaran. He noted yesterday that the growing middle class in Asean and the large number of new Internet users are creating opportunities for companies to target consumers through the dgital economy. About 194 million new Internet users are expected to come online in Asean by 2020, with digitisation projected to generate an annual economic impact of $625 billion by 2030.
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Authors: THE STRAITS TIMES