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Alibaba to Sell Gaming Arm for $1.5 Billion in Boost to AI Pivot

Bloomberg Technology Monday 17 August 2026, 01:01 UTC By Luz Ding 1 min read
Key Points

Alibaba to Sell Gaming Arm for $1.5 Billion in Boost to AI Pivot Alibaba Group Holding Ltd. is selling its gaming arm in a deal worth at least $1.5 billion that will boost the Chinese e-commerce leader’s pivot to AI. Asian private equity firm Trustar Capital has reached an agreement to acquire Lingxi Games, according to an internal memo distributed on Monday and reviewed by Bloomberg News.

Alibaba to Sell Gaming Arm for $1.5 Billion in Boost to AI Pivot Alibaba Group Holding Ltd. is selling its gaming arm in a deal worth at least $1.5 billion that will boost the Chinese e-commerce leader’s pivot to AI. Asian private equity firm Trustar Capital has reached an agreement to acquire Lingxi Games, according to an internal memo distributed on Monday and reviewed by Bloomberg News. “Alibaba is handing Lingxi to Trustar due to better focus on its strategic priorities,” said Zhou Bingshu, chief executive officer of Lingxi Games, without disclosing the size of the deal.
Alibaba (LOCATION) AI Pivot Alibaba (ORG) Chinese (ORG) AI (ORG) Asian (ORG) Trustar Capital (ORG) Lingxi Games (ORG) Bloomberg News (ORG) Lingxi (PERSON) Trustar (LOCATION) Zhou Bingshu (PERSON)
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