Alibaba to sell gaming unit Lingxi Games to Trustar Capital for at least $1.5B
Alibaba is reportedly selling its gaming subsidiary Lingxi Games to Asian private equity firm Trustar Capital in a deal worth at least $1.5 billion, according to Bloomberg. The divestiture is part of Alibaba's broader strategy to shed non-core assets and focus on AI and cloud computing.
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@BitcoinWorldN
🚨 NEW: China’s Alibaba is reportedly selling its gaming business to Trustar Capital for at least $1.5B, according to Bloomberg. The deal comes as Alibaba continues to shift its focus toward AI and cloud computing. 🤖☁️ #Alibaba #AI #China #Gaming #Tech #ArtificialIntelligence https://t.co/vyUYOIMAva
@EyeWhales
JUST IN: Alibaba is offloading its gaming unit to Trustar Capital for $1.5B+, freeing up capital as it shifts its focus toward AI, Bloomberg reports.
@Litest
🇨🇳 Alibaba is selling its gaming subsidiary, Lingxi Games, to Asian private equity firm Trustar Capital in a deal reportedly worth at least $1.5 billion. The move is part of Alibaba’s broader strategy to shed non-core assets and double down on AI and cloud computing. Alibaba is