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BREAKING NEWS

Alibaba buys German data analysis start-up - Handelsblatt

Alibaba buys German data analysis start-up - Handelsblatt
The logo of Alibaba Group is seen inside DingTalk office, an offshoot of Alibaba Group Holding Ltd, in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song -
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ALY SONG(Reuters)
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BERLIN (Reuters) - Chinese e-commerce giant Alibaba Group Holding <BABA.N> has acquired German data analysis start-up data Artisans for about 90 million euros (80.92 million pounds), 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.

(Reporting by Thomas Seythal; Editing by Gopakumar Warrier)

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