On 11 November 2025, a report by Google LLC, Temasek Holdings and Bain & Company found that private-capital investments into Southeast Asia’s internet economy rose 15% to US$7.7 billion in the 12 months to June 2025-yet remained about 70% below the 2021 record of US$27 billion.AI-startups attracted roughly one-third of that total, but seed to Series B rounds shrank as capital concentrated on later-stage deals. The findings signal both resilience and structural caution in the region’s tech-investment landscape.