Toronto-based digital publishing community Wattpad now counts one million registered users.
Wattpad CEO Allen Lau blogged the news on the company’s blog earlier this week. Lau also alluded to a "major announcement" in the next couple of weeks.
Wattpad is the pioneer in ebook cloud services. With over 5 million downloads supporting over 1,000 phone models from 600 mobile operators, Wattpad is also the most popular mobile ebook application.
Readers can download the Wattpad app to read and chat about fiction shared by professional and aspiring writers from around the world. Authors, publishers and agents use Wattpad as a mobile platform for online engagement and to create purposeful relationships with readers.
Wattpad stories are syndicated over time, chapter-by-chapter, or shared as a complete novel - facilitating social conversations between readers and global awareness for authors of all types of fiction. Wattpad allows an author to engage with readers on many levels with space for images, YouTube clips, book trailers and book covers to create a multi-media reading experience.
Wattpad was co-founded by Lau and Ivan Yuen in 2006. They will be included on our Toronto Startup Index for the first time later this month and should crack the Top 10.