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Kakao Entertainment Buys Wuxiaworld Online Fiction Platform

Britain New York China USA North Korea Hong Kong Entertainment art Platform

16.12.2021 - 17:53

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variety.com

variety.com:

Patrick Frater Asia Bureau ChiefSouth Korean entertainment-tech firm Kakao Entertainment has acquired Wuxiaworld, a Hong Kong-based online platform for English-language, Asian fantasy fiction.The acquisition was handled through Radish Media, a New York-based Kakao subsidiary that pitches itself as a mobile fiction platform for serialized storytelling.

Deal terms were not disclosed.Wuxiaworld boasts millions of page views per day from users in over 100 countries. It claims to be the most used platform of its kind in the U.S.It was founded by Lai Jingping, a former American diplomat who started translating Chinese martial arts fiction into English.

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