Too much character 3 Test An Asian edition (Time Asia) is based in&nbsp;Hong Kong.[2]&nbsp;The South Pacific edition, which covers Australia, New Zealand, and the&nbsp;Pacific Islands, is based in&nbsp;Sydney  In December 2008,&nbsp;Time&nbsp;discontinued publishing a Canadian advertiser edition.<br />Time&nbsp;has the world&apos;s largest circulation for a weekly news magazine..