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China to Become Largest Broadband Market by Year's End

CNN Money reports that the China is on track to pass the U.S. in becoming the largest broadband market later this year as video, e-commerce and online gaming fuel demand — and the country has "just scratched the surface".

From the report: "China added 4.5 million high-speed connections in the first three months of 2007 to 56.3 million, says research firm point 15pic. The U.S. ended the first quarter with 60.4 million. China still lags the U.S. and many other countries in broadband "penetration." Just 4.3% of its 1.3 billion people and 14.3% of households have speedy Internet connections. In America, 52.7% of households have broadband, less than most other rich nations and well below South Korea's 90% penetration."

Read full story: CNN Money

By CircleID Reporter – CircleID's internal staff reporting on news tips and developing stories. Do you have information the professional Internet community should be aware of? Contact us. Visit Page

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