Alibaba sells gaming arm Lingxi Games as tech giant sharpens focus on AI and e-commerce

Alibaba Group Holding has agreed to sell its wholly owned gaming business Lingxi Games to Trustar Capital as the Chinese technology giant pivots away from noncore sectors to prioritise e-commerce and artificial intelligence, according to an internal letter issued on Monday. “As part of Alibaba’s broader strategy to sharpen its focus, the group has decided to entrust Lingxi to Trustar Capital,” stated the letter seen by the South China Morning Post and signed by Lingxi CEO Zhou Bingshu. The...