Wattpad, founded by 管家婆免费开奖大全 alumni, launches publishing division: New York Times
Published: January 25, 2019
Wattpad, the storytelling platform co-founded by two 管家婆免费开奖大全 alumni, is launching a book publishing division, according to the New York Times.
Allen Lau, the company鈥檚 CEO, told the newspaper Wattpad Books will take the 鈥済uesswork鈥 out of the publishing business by producing books after analyzing the hundreds of millions of stories on the app to identify which themes and elements are popular among readers.
Lau first co-founded Wattpad in 2006 with Ivan Yuen. Originally envisioned as an e-reader, Wattpad now boasts a user base of 70 million people who write, share and read stories on the app.
Valued at US$400 million, Wattpad has already partnered with book publishers, TV studios and Netflix to turn some of those stories into novels, movies and TV shows.
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