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Alibaba to Sell Gaming Unit Lingxi for Over $1.5 Billion

Bloomberg +4 ·

BABA Alibaba Group Holding Ltd ADR
$110.80 +4.68%
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  1. 1Alibaba (BABA) agrees to sell gaming subsidiary Lingxi Games to Trustar Capital
  2. 2Deal valued at minimum $1.5 billion; studio could be worth more than $1.5 billion
  3. 3Amid divestment of non-core assets, focus shifts to AI and cloud; targets $100 billion in AI revenue within five years

Source Bloomberg +4 · View original ↗

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