Key facts
- Alibaba is selling its gaming unit, Lingxi Games.
- The sale is to Trustar Capital.
- The deal is valued at over $2 billion.
- The sale was confirmed by an internal memo from CEO Zhou Bingshu.
- Alibaba is refocusing on AI and e-commerce.
Alibaba has agreed to sell its gaming division, Lingxi Games, to Trustar Capital for more than $2 billion. The transaction was confirmed through an internal memo issued by Alibaba CEO Zhou Bingshu. This divestment aligns with Alibaba's strategic pivot to concentrate on artificial intelligence and e-commerce, moving away from its gaming interests.