Neutral
Alibaba sells Lingxi Games for $1.5 billion to fund AI expansion.
In a strategic move to bolster its artificial intelligence initiatives, Alibaba has sold its gaming division, Lingxi Games, to Trustar Capital for at least $1.5 billion. This divestiture aligns with Alibaba's broader strategy to reallocate resources towards AI and cloud infrastructure development.
Key points
- Alibaba's sale of Lingxi Games to Trustar Capital for at least $1.5 billion.
- Lingxi Games, known for 'Three Kingdoms: Strategy Edition,' will continue operations under its current CEO post-sale.
- The sale is part of Alibaba's broader strategy to fund its AI and cloud infrastructure investments.
- Alibaba's AI investments are expected to surpass the previously pledged $53 billion.
Sources
- Alibaba is selling its gaming studio for at least $1.5 billion to help fund AI buildout, mirroring Micron's exit from consumer businessTom's Hardware · August 17, 2026
- Alibaba's Trillion Revenue Milestone Marred by Profit Decline; Future Bets on AI and Food DeliveryTiger Brokers · May 15, 2026
- Alibaba(BABA) Stock NewsTiger Brokers · August 20, 2026
AI-generated from public news sources. Not financial advice.
