Kobo eBook Downloads Up 400% This Year
Canadian eBook company Kobo reported today that its business has tripled in the last year. In January, Japanese e-commerce company Rakuten bought Kobo for $315 million in cash. And now according to Kobo, eBook downloads grew by 400 percent and eReader sales are up 160 percent and the number of people reading with Kobo internationally has grown by 280 percent year over year.
Today the company also reported its new open reading platform, ‘Read Freely.’ The company’s website explains how it works: “The eBooks you buy with Kobo are yours.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in