Alibaba Gaming Sale Nears $1.5 Billion as Company Shifts Focus to AI

NewsMon, 17 Aug 2026 16:30:00 UTC3 hours ago
Alibaba Gaming Sale Nears $1.5 Billion as Company Shifts Focus to AI
Alibaba is reportedly preparing to sell Lingxi Games to Trustar Capital in a deal valued at more than $1.5 billion. The divestment reflects CEO Eddie Wuโ€™s strategy of shifting resources toward artificial intelligence and cloud computing while streamlining Alibabaโ€™s broader business portfolio.
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