Snapchat taps London as global base outside US
It comes after Facebook, Google and Apple last year announced major investments in London
Snap has around 75 staff in the UK, up from six a year ago and is looking to add a nearby site to its office in London's Soho district PHOTO: AFP
LONDON:
Snap Inc., which runs the camera messaging application Snapchat, said Tuesday it had chosen London as its international headquarters, praising the UK's creative industries.
It comes after Facebook, Google and Apple last year announced major investments in London, underlining the capital's status as a technology hub as Britain prepares to exit the European Union.
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"I am happy to confirm that the UK is the Snap Inc. family's hub outside the US," a Snap spokeswoman said.
Snap has around 75 staff in the UK, up from six a year ago and is looking to add a nearby site to its office in London's Soho district, she added.
"We believe in the UK creative industries," said Claire Valoti, general manager of Snap's UK operations, in a statement.
"The UK is where our advertising clients are, where more than 10 million daily Snapchatters are, and where we've already begun to hire talent."
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The firm behind the popular disappearing message application says it has more than 150 million daily active users, including 50 million in Europe.
Snap's UK entity will book revenues from customers in the UK and countries where there is no local entity or sales force. Its only other European entity is in Paris.
In November, Snap Inc. reportedly filed confidential paperwork for a public share offering valuing the messaging platform at more than $20 billion.
Tech giant Apple reveals the most popular apps of 2016
The initial public offering (IPO) would be among the biggest in the tech sector in recent years and shine a light on the fast-growing platform.
Snapchat is famous for mobile messages and photos that disappear after being viewed by the recipient.
Snap Inc., which runs the camera messaging application Snapchat, said Tuesday it had chosen London as its international headquarters, praising the UK's creative industries.
It comes after Facebook, Google and Apple last year announced major investments in London, underlining the capital's status as a technology hub as Britain prepares to exit the European Union.
Snapchat parent begins IPO process: report
"I am happy to confirm that the UK is the Snap Inc. family's hub outside the US," a Snap spokeswoman said.
Snap has around 75 staff in the UK, up from six a year ago and is looking to add a nearby site to its office in London's Soho district, she added.
"We believe in the UK creative industries," said Claire Valoti, general manager of Snap's UK operations, in a statement.
"The UK is where our advertising clients are, where more than 10 million daily Snapchatters are, and where we've already begun to hire talent."
Snapchat to buy augmented reality start-up Cimagine: report
The firm behind the popular disappearing message application says it has more than 150 million daily active users, including 50 million in Europe.
Snap's UK entity will book revenues from customers in the UK and countries where there is no local entity or sales force. Its only other European entity is in Paris.
In November, Snap Inc. reportedly filed confidential paperwork for a public share offering valuing the messaging platform at more than $20 billion.
Tech giant Apple reveals the most popular apps of 2016
The initial public offering (IPO) would be among the biggest in the tech sector in recent years and shine a light on the fast-growing platform.
Snapchat is famous for mobile messages and photos that disappear after being viewed by the recipient.