Wuxiaworld Founder Buys Platform Back From Tapas Before Shutdown
Ren, who founded Wuxiaworld in 2014, has bought the English web fiction platform back from Tapas Entertainment, returning it to independent ownership. He announced the purchase on September 20, days before Kakao Entertainment said Tapas will close its North American service on March 31, 2027. Ren said the coming shutdown was the main reason for the buyback. The platform now runs at a monthly gross loss of about US$30,000.