Wattpad is a Canadian entertainment company. What about the owner of Wattpad? Where are its origins? Calm down! In this post, you will find out everything about the owner of Wattpad in detail.
Who Is The Owner Of Wattpad?
The owner of Wattpad is WP Technology that has its headquarters in Toronto, Canada. The The founder of WP technology are Ivan Yuen, Allen Lau.
About The Owner Of Wattpad
Wattpad is a famous online social reading platform. This platform helps its users to read and write original stories. Wattpad was founded by Allen Lau and Ivan Yeun. The main aim of this platform is to create social communities around stories. They also help to remove the barriers between readers and writers.
The owner of Wattpad not only allows the users to write the stories but also allows them to publish! However, Wattpad’s origin country is Canada. And its headquarters are in Toronto, Ontario, Canada.
In 2021, Naver Corporation announced that they will be acquiring Wattpad. This deal was completed in the same year.
As of November 21, Wattpad has monthly users of more than 90 million! These people can directly interact with the writers. This will help them to share their opinions with fellow readers.
The current owner of Wattpad has published stories in more than 50 languages. Apart from that, nearly 300,000 writers from 35 countries take part every year in the largest writing competition. This competition is known as the Watty Awards.
In 2011, Wattpad was selected as the hottest Digital Media Company at the Canadian Innovation Exchange. In the same year, the co-founder Ivan Yuen was awarded as a top Canadian entrepreneur.
Allen Lau is the current CEO of Wattpad. Allen is a leader in Canada’s tech community. Under his leadership, Wattpad has grown a lot! They have 94 million people who have written more than a billion uploads on this platform. Allen was also present in TIFF. TIFF is a cultural organization with a mission to transform the way people see the world via film. Most people thought Allen Lau had sons. Allen never had sons, he has daughters. Coming to education, Allen completed his bachelor’s and master’s degrees from the University of Toronto.
However, some of the stories in Wattpad are transformed into TV dramas and Wattpad movies. This includes After and The Kissing Booth. In 2019, Wattpad launched a new publishing division named Wattpad Books. This effort was made to take the “guesswork” out of publishing for authors. In fact, Wattpad has raised USD $120 million from top VCs in Silicon Valley, New York, Canada, and Asia.
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FAQ
Who Is The Owner Of Wattpad?
The owner of Wattpad is WP Technology.
What Is Wattpad For You?
Wattpad is a social storytelling platform. Here, as a user, you can connect with your favorite writers, read, and write original stories.
What Is Allen Lau’s Net Worth?
Allen Lau’s net worth is not revealed and is still under review.
What Is Allen Lau’s Age?
Currently, Allen Lau is 52 years old.
Who Is The CEO Of Wattpad?
Allen Lau is the CEO of Wattpad.
Which Country Owns Wattpad?
Wattpad is owned by Canada.
Who Created Wattpad?
Allen Lau created Wattpad.
Does The Owner Of Wattpad Have A Son?
No, the owner of Wattpad does not have a son.
Which Country Uses Wattpad The Most?
Wattpad, a global multiplatform entertainment company with more than 65 million monthly users worldwide, continues its growth in the Philippines with 7 over million monthly users. This makes the Philippines the second largest market after the United States.
Who Is The Most Famous Writer In Wattpad?
Jonahmae Panen Pacala also known by her pseudonym as Jonaxx, is a Filipino author, born on 23 January 1991 and hailing from Cagayan de Oro, Philippines. She is currently the most followed Wattpad author worldwide with over 5 million followers and is widely known as the “Wattpad Queen” and “Pop Fiction Queen”.
How Much Is Wattpad Worth?
$400 million
How does Wattpad make money? Wattpad is worth over $400 million. Like many social media platforms, it earns revenue by monetizing content on the platform through advertising. Basically, the Wattpad writer userbase writes stories which attracts readers.
Do Wattpad Writers Get Paid?
Wattpad, the user-contributed fiction platform, will pay writers cash stipends of up to $25,000 — if they meet certain criteria — in return for making their stories exclusive to the platform. The company’s Wattpad Creators Program plans to pay out a total of $2.6 million to writers in 2022.
What Percent Of Wattpad Is Female?
70-percent female
Wattpad stories are available in more than 50 languages. Our demographics are more than 70-percent female, and 80 percent of Wattpad users are Millennials or Gen Z.
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Conclusion
With the help of my above article, you got to know the owner of Wattpad’s name. Wattpad has become one of the leading social storytelling platforms because of them. That’s all you need to know about the owner of Wattpad.
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