Alibaba Invests in German Startup
In what is said to be the first full takeover by a Chinese company on Berlin’s thriving startup scene, Alibaba Group Holding has acquired the German data-analysis startup “data Artisans” (dA) in a deal reportedly worth some EUR 90 million.
Launched in 2014, dA markets Apache Flink®, an open source, user-friendly software that can process large data volumes to allow customers – including ING, Netflix and Uber –to “respond to data to make faster business decisions.”
In their statements, both parties described the deal as the deepening of a partnership that stretches back to 2016. “Together with Alibaba, we can enhance our efforts and technology to new horizons by investing even more [into] open source,” dA co-founders Kostas Tzoumas and Stephan Ewen wrote on the company blog. “We can expand to new areas that we have not explored in the past and make sure that Flink becomes a more valuable data-processing framework for the modern, data-driven and real-time enterprise.”
The Hangzhou-based Alibaba Group Holdings is a Chinese multinational conglomerate specializing in e-commerce, retail, internet and technology. Its e-commerce subsidiary Alibaba is the world’s largest retailer and e-commerce company.
Alibaba Group Corporate Campus in Xixi, Hangzhou, China © Alibaba Group