China Digest: Alibaba acquires IDsManager; Nasdaq-listed 51job backs Fountain

REUTERS/Aly Song

Alibaba’s cloud computing unit has sealed a deal to acquire Chinese IDaaS startup IDsManager, while Nasdaq-listed Chinese recruitment website 51job participated in American startup Fountain’s $23 million Series B funding round.

Alibaba Cloud inks deal to acquire IDaaS startup IDsManager

Alibaba Cloud, the cloud computing unit of e-commerce giant Alibaba, is acquiring IDsManager, a Chinese startup that develops identity verification and access management solutions.

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