U.S. hedge fund Coatue Management is planning to set up a new office in Europe as part of an effort to capitalize on the continent's growing tech industry.
"We currently have offices in New York, San Francisco and Hong Kong, and we're excited to add an office in Europe at some point in the near future," Coatue Ventures Chairman Dan Rose told CNBC.
"We believe Europe is emerging as an important innovation hub in both the public and private markets, as evidenced by the increase in venture capital activity across the continent," said Rose, who was previously an executive at Facebook and Amazon. The New York-headquartered company is one of the biggest tech investors in the world and it's been pumping billions of dollars into fast-growing companies that it believes will get even bigger.
Notable investments from the firm — founded in 1999 by Philippe Laffont and Thomas Laffont — include TikTok parent-company ByteDance,
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
‘Game of Thrones’ Prequel ‘House of the Dragon’ Teaser Debuts at HBO Max Europe Launch EventThe Targaryens ascend the Iron Throne in the first teaser for HBO Max's GameofThrones spinoff, HouseoftheDragon:
Lire la suite »
EU unveils strategy to tackle rising antisemitism in EuropeThe European Union aims to combat growing antisemitism with new plans to tackle hate speech, raise awareness about Jewish life and protect places of worship.
Lire la suite »
BMG Taps Maximilian Kolb for Lead Role In Continental EuropeMaximilian Kolb has been promoted by BMG to executive vice president, repertoire & marketing of Continental Europe for the Berlin-based music company.
Lire la suite »
‘Sex and the City’ Sequel ‘And Just Like That’ Launch Month Revealed at HBO Max Europe EventExecutives shared content updates during a virtual European launch event on Tuesday.
Lire la suite »
Investors eye Big Tech as stock market wobblesTechnology stocks are bearing the brunt of a recent market selloff, putting a spotlight on how an extended downturn in the sector could weigh on broader equity indexes.
Lire la suite »
EU lawmaker says U.S. tech giants should be regulated where they are basedU.S. tech giants such as Apple , Google, Facebook and Amazon should be regulated by the EU country where they are based under proposed EU rules, a top lawmaker said on Tuesday, knocking back efforts by some countries to broaden the planned act's scope.
Lire la suite »