BERLIN - 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 software to process large amounts of data. ($1 = 0.8728 euros)
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