
Oil Exceeds $102: Who’s Making Quiet Money in Southeast Asia
Southeast Asia’s digital economy reached $300 billion GMV, with e-commerce contributing $185 billion at 15% annual growth (Google-Temasek-Bain e-Conomy SEA, 2025). E-commerce penetration sits at just 13% versus China’s 47%. TikTok Shop Southeast Asia doubled to $45.6 billion GMV in 2025, with Indonesia generating $13.1 billion (Momentum Works, February 2026). KOL marketing spend exceeded $2.1 billion (Statista, 2025), with branded influencer demand up 72% year-over-year (Vero ASEAN, 2025).



