Full report here: https://kevinhabits.com/wp-content/uploads/2023/11/e_conomy_sea_2023_report.pdf
Some excerpts:
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SEA-focused funds have seen significantly lower distributions to paid-in capital compared to funds that are focused on other regions, suggesting difficulty in realising returns for investors.
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New sector growth: enterprise, healthtech, edtech, deeptech/AI, Web3/crypto, property, automotive, etc.
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dry powder still growing though ($15.7B in 2022)
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Consumers are adopting digital financial services (DFS) at a rapid pace; cash is no longer king.
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High value users (HVUs) are defined as the top 30% of online spenders — HVUs spend more than 6X the amount non-HVUs spend online, and are more likely to increase spending over time
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For non-HVUs who only purchase offline: lower prices, trust in the platform, and ease of use can change behaviour
