Alibaba Buys German Data Analytics Startup

Alibaba Group Holding Ltd. has reportedly paid about $103 million to acquire Data Artisans, a high-flying Berlin-based analytics startup, in the e-commerce behemoth’s latest move in the big-data sector.

An Alibaba spokeswoman told Caixin she wouldn’t comment on media reports about the cost of the deal. But in a blog announcement, Alibaba confirmed that it is “deepening its partnership” with the German company, founded in 2014.