Alibaba Sells Lingxi for Over $1.5 Billion
Alibaba has agreed to sell all shares of its gaming unit Lingxi Interactive Entertainment to Citic Capital’s Trustar Capital for a valuation exceeding $1.5 billion. The sale reflects Alibaba’s strategic shift toward AI and cloud infrastructure, while Lingxi faces declining revenue, reliance on one major title, and senior talent departures.
虎嗅 · 33d ago

























