7 million users in the Philippines as Wattpad's tencent-backed Asia plans step up a gear - The New Publishing Standard

Panzer was tootling around in the Catosphere when he heard clapping and cheering. Following all the hullabaloo took our adventuresome kitty pilot to The New Publishing Standard site. With no digging at all he discovered a post about Wattpad.

According to Mark Williams, Wattpad has just finished a new funding round. Wattpad started as a site for writers to post their work for readers to comment on and refer their friends to read. It has over time grown into much more. Wattpad has over 65 million users world-wide of which 7 million are located in the Philippines. With the new funding, Wattpad is making an expansion in the SE Asia market. Their recent funding with Kickstart Ventures added telco to their already existing partnering with TV5 for furthering that expansion in the Philippines. The post includes much more information on the planned SE Asia expansion and information about Tencent, Wattpad's other funding investor. Also included are quotes from other posts and links to post.

I see an interesting future for Wattpad.

Panzer says, "This little kitty sees the SE Asia market opened wider to Wattpad's expansion plans with the addition of Tencent and Kickstart Ventures help."

Note: This is a h-u-m-o-n-g-o-u-s post. Bring two thermos of tea, two dozen muffins, and a sleeping bag for a nap in the middle.

To read the post tootle over to Wattpad