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Benzinga
Benzinga
Business
Namrata Sen

Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report

Alibaba BABA Artificial Intelligence Meta Nasdaq
Shenzhen,,China-,9,April,,2025:,Sign,Of,Alibaba,On,The

Alibaba Group Holding Ltd. ADR (NYSE:BABA) is reportedly offloading its gaming unit, Lingxi Games, to Asian private-equity firm Trustar Capital in a bid to bolster its focus on artificial intelligence (AI).

The Chinese tech behemoth is selling Lingxi Games for a minimum of $1.5 billion. The exact transaction size was not disclosed by Lingxi Games Chief Executive Zhou Bingshu, who stated that the sale is “part of Alibaba’s overall road map to sharpen its strategic focus,” The Wall Street Journal reported on Monday, citing an internal memo.

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