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 - Copyright ALY SONG(Reuters)

By Reuters

Published on 09/01/2019 - 07:34•Updated 20/04/2024 - 05:57

Comments

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)

Comments

The Playstation VR2 is on display during a Sony news conference before the start of the CES tech show Wednesday, Jan. 4, 2023, in Las Vegas.

Now playing Next

Business

Alibaba buys German data analysis start-up - Handelsblatt

You might also like

Sony to cut about 900 PlayStation jobs as gaming layoffs continue