January 9, 2019 / 6:09 AM / 10 days ago

Alibaba buys German data analysis start-up - Handelsblatt

BERLIN, Jan 9 (Reuters) - Chinese e-commerce giant Alibaba Group Holding has acquired German data analysis start-up data Artisans for about 90 million euros ($103.1 million), German business daily Handelsblatt reported in its Wednesday edition.

“This is a strategic acquisition,” founders of the Berlin-based company, Kostas Tzoumas and Stephen Ewen, were quoted as saying.

Alibaba this week announced it was deepening its partnership with data Artisans and collaborating to build up a software to process large amounts of data. ($1 = 0.8728 euros) (Reporting by Thomas Seythal; Editing by Gopakumar Warrier)

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