Alibaba plans to sell its gaming business for at least $1.5 billion, transferring ownership of its gaming unit to a buyer in a move intended to raise cash and refocus strategy. Multiple outlets report that the transaction is linked to Alibaba’s broader shift toward artificial intelligence.
Quartz, Bloomberg, and other reports say Alibaba agrees to transfer its full stake in the gaming studio to Asian private-equity firm Trustar Capital. Free Malaysia Today identifies the asset as Lingxi Games, the studio behind “Three Kingdoms: Strategy Edition.” Business Line adds that the sale forms part of a wider corporate reorganization under CEO Eddie Wu, with AI and cloud computing elevated as priorities. While most coverage centers on the AI funding rationale, some headlines and commentary frames the decision as part of a continuing portfolio reshuffle of non-core assets rather than a single standalone event.
