Alibaba Group acquired Data Artisans for €90m.

Alibaba Group acquired Data Artisans, a German data analysis firm, for €90m. The transaction marks the first full takeover by a Chinese company on Berlin’s growing startup scene. “By leveraging the technology expertise of both teams and shared passion to develop the open-source community, we are confident that this strategic tie-in will further strengthen the growth of the Flink community, accelerate the data-processing technologies and help bolster an open, collaborative and constructive environment for global developers who are passionate about stream processing and enabling real-time applications for modern enterprises,” said Jingren Zhou, Vice President, Alibaba Group.