Alibaba acquires Berlin-based data Artisans for $103m: Report

Photo: Bloomberg

Chinese e-commerce giant Alibaba Group has acquired Berlin-based data Artisans for $103.3 million (€90 million), according to European media reports.

Founded in 2014, data Artisan provides services that deploy large-scale data processing solutions for enterprises. Their solution manages and deploys this data in real-time for better and faster decisions. data Artisans was started by the creators of Apache Fink, an open source stream processing technology. According to data Artisans’ website, its clientele includes Uber, Lyft, Alibaba, eBay, Comcast, Huawei and King.

data Artisans previously raised two rounds of funding in 2014 and 2016 totalling to $7.5 million (€6.5 million). Its previous investors include btov Partners, Tengelmann Ventures and Intel Capital.

Alibaba’s recent acquisitions tend to be in e-commerce in emerging markets.

In June, Alibaba acquired Istanbul-based Trendyol Group, the largest mobile commerce company in the MENA region for $728 million. In May, it also acquired Daraz.pk, a Rocket Internet-backed e-commerce platform from Pakistan.

DEALSTREETASIA has reached out to Alibaba for comment.