August 3, 2009 - 12:00pm | author: Petrony
The name of the country we are to talk about today is translated to English as "fragrant harbour". This romantic name originally described a small inlet (Little Hong Kong today) between the island of Ap Lei Chau and the south side of the island which later became known as Hong Kong. Officially the Hong Kong Special Administrative Region is a largely self-governing territory of the People's Republic of China, facing Guangdong to the north and the South China Sea to the east, west and south. Today, Hong Kong is a global metropolitan and international financial centre, with a highly developed capitalist economy. We are to find what stage of ICT progress and e-commerce development the country is currently at.
Internet market in Hong Kong has been growing impetuously over the last several years. In the beginning of 2001, Hong Kong led the world broadband market, having the highest in the world growth rate for household broadband penetration. The boom was reflected by almost 5 million subscribers by 2005, or to be exact 4,878,713, that made up over 70% of the population that doubled the digits of 2000 data with 2,283,000 people connected, or 34% (internetworldstats.com). Nevertheless, the take up of broadband services got off to a slow start as only at the beginning there any serious embracing of the services offerings took place. As for the current data, year 2008 revealed almost the same with 2005 penetration rate.
As for the Internet Service Providers, the great number of them appeared in early 2000s as a big jump in issuing licenses was followed in 2000. So, by the year 2005 about 188 ISPs were accounted.
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