Ivan YUen and aLLen LaU

Wattpad

Toronto Life - - Tech Boom -

Yuen and Lau call their read­ing app the YouTube of the lit­er­ary world: au­thors post their sto­ries on­line for free. More than 45 mil­lion bib­lio­philes across the globe de­vour 4 mil­lion new words a day, mostly in the form of post-apoc­a­lyp­tic sci-fi or steamy Justin Bieber fan fic­tion. In 2014, Wattpad re­ceived $46 mil­lion in fund­ing, and it has hired em­ploy­ees pro­fi­cient in lan­guages like Swahili, Ice­landic and Ta­ga­log (a dozen Filipino Wattpad sto­ries have been adapted into films). The end game? To ex­pand their em­pire and be­come the envy of shut­ter­ing book­stores ev­ery­where.

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