*Disclosure: Times Bridge is part of Times Internet that owns ETtech. Among recent productions include Sweet Home that debuted on Netflix, and The God of High School that released on Sony's anime streaming service Crunchyroll. The Kissing Booth, based on a novel first published by then-15-year-old author Beth Reekles in a free, serialized format on the social publishing site Wattpad, is a perfect example. On the other hand, Webtoon also works with production companies for adaption of its webcomics into television series, animated series, web series and films. The company had raised a total $117.8 million from investors like Tencent, Union Square Ventures, Khosla Ventures, Raine Ventures, Times Bridge*, BDC, Globe Telecom's Kickstart Ventures, AME Cloud Ventures, Northleaf Venture Catalyst Fund and Version One Ventures among others. We're thrilled about the prospect of joining the amazing teams at Naver and Webtoon to continue our growth, help more writers make money, and bring new voices to screens and bookstores everywhere" said Lau. "In 2021, when every form of entertainment is being transformed, we’ve built a platform that can fuel hits on-screen and bookshelves, empowering and rewarding a new generation of diverse creators all over the world. Co-founders Allen Lau and Ivan Yuen will continue to lead the company that will remain headquartered in Canada. Wattpad said this deal will fuel its international growth and success.
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