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Alibaba to sell Lingxi Games to Trustar Capital to fuel AI pivot
Alibaba Group is selling its gaming unit, Lingxi Games, to the Asian private equity firm Trustar Capital. While exact terms were not formally disclosed, reports indicate the deal is valued at at least $1.5 billion, with some estimates suggesting it could exceed $2 billion.
This divestment is part of a broader corporate reorganization led by CEO Eddie Wu. Alibaba is shedding non-core assets to concentrate capital and management resources on its primary strategic priorities: artificial intelligence and cloud computing. The company has set an ambitious goal to generate $100 billion in AI-related revenue within the next five years.
Lingxi Games, known for the popular mobile title ‘Three Kingdoms: Strategy Edition’ developed with Koei Tecmo Holdings, will continue under its current leadership. CEO Zhou Bingshu and the existing management team will remain in place to ensure operational continuity following the ownership change.
Entities
Alibaba Group Holding · Eddie Wu · Koei Tecmo Holdings · Lingxi Games · Trustar Capital · Zhou Bingshu
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 20 SOURCES] Alibaba is divesting non-core assets to prioritize AI and cloud computing. www.businesstimes.com.sg · jack1065.com · kelo.com · www.ot.gr · cryptobriefing.com · +15 more
- [● 18 SOURCES] Lingxi Games is the developer of the mobile title Three Kingdoms: Strategy Edition. www.businesstimes.com.sg · cryptobriefing.com · www.ot.gr · www.youxituoluo.com · www.pocketgamer.biz · +13 more
- [● 18 SOURCES] Alibaba aims to reach $100 billion in AI revenue within five years. www.businesstimes.com.sg · www.ot.gr · www.newsbytesapp.com · news.cnyes.com · www.foreignpolicyjournal.com · +13 more
- [● 7 SOURCES] The sale is expected to yield more than $2 billion. jack1065.com · kelo.com · kibrisgazetesi.com · news.az · kfgo.com · +2 more
- [● 22 SOURCES] Alibaba is selling Lingxi Games to focus on its strategic priorities. www.businesstimes.com.sg · jack1065.com · kelo.com · www.ot.gr · www.youxituoluo.com · +15 more
- [● 20 SOURCES] The deal is valued at at least $1.5 billion. www.businesstimes.com.sg · jack1065.com · kelo.com · www.ot.gr · cryptobriefing.com · +14 more
- [● 8 SOURCES] Alibaba will transfer its entire stake in Lingxi Games to Trustar Capital. jack1065.com · kelo.com · www.youxituoluo.com · kibrisgazetesi.com · news.az · +3 more
- [● 10 SOURCES] Lingxi Games's current management team will continue to lead the company. jack1065.com · kelo.com · www.youxituoluo.com · kibrisgazetesi.com · news.az · +5 more