It consistently ranks as having one of the fastest internet connections worldwide - as of July 2022, Hong Kong had an average fixed broadband internet connection speed of 176.59 Mbps.įacebook is not just used for staying connected with friends and family many in the financial hub also use it to keep up with the latest news and to research or find products to purchase. Hong Kong citizens are known for being well connected in the social media world. It comes as no surprise that a large percentage of the population in the Asian financial hub are active social media users. Facebook lost its dominance in the market with a 78.8 percent penetration rate, followed by Instagram. The social media industry in Hong Kong has gone from strength to strength, and WhatsApp remained the top with a 80 percent monthly usage rate as of the third quarter of 2022.
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