Alibaba buys German data analysis firm for $103 mn

China’s Alibaba Group Holding has acquired German data analysis firm Data Artisans, in a deal reported to be worth $103 million.
Alibaba AI chip businessThe transaction marks the first full takeover by a Chinese company on Berlin’s growing start-up scene.

Alibaba’s rival Tencent Holdings participated in a $160 million funding round for online bank N26 in March 2018.

Data Artisans CEO Kostas Tzoumas said Alibaba would also invest an undisclosed sum in the company to develop Apache Flink, its open-source software that can process large data volumes, and to expand into new business areas.

Alibaba, which competes with e-commerce group, has been a customer of Data Artisans since 2016. The German company, which was founded in 2014, also serves clients including Netflix and Uber.

Alibaba said this week it was deepening its partnership with Data Artisans and collaborating to develop software that can process large amounts of data.

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