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

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Alibaba sells gaming arm Lingxi Games as tech giant sharpens focus on AI and e-commerce
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 sha
Reuters
Reuters4 hrs ago
Alibaba to sell Lingxi Games in more than $2 billion deal, source says
Alibaba to sell Lingxi Games in more than $2 billion deal, source says  Reuters
Wall Street Journal
Wall Street Journal🏁 first to report6 hrs ago
Alibaba to Sell Videogame Business for at Least $1.5 Billion - WSJ
Alibaba to Sell Videogame Business for at Least $1.5 Billion  WSJ