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Page 154 of 1375

August 18, 2026

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Business

Alibaba Sells Lingxi Gaming Unit

Alibaba has agreed to sell its entire stake in Lingxi Interactive Entertainment to Centurium Capital, with media reports valuing the deal at more than US$1.5 billion to US$2 billion. The sale marks the reversal of Lingxi's earlier promotion into an independent business group after the success of Three Kingdoms: Strategy Edition, and reflects Alibaba's broader push to exit non-core assets and focus on e-commerce, AI, and cloud.

虎嗅 · 37d ago

August 17, 2026

Page 154 of 1375