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Alibaba to sell Ringti Games, exits in-house game development

Fortune ·

BABA Alibaba Group Holding Ltd ADR
$124.71 +0.73%
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  1. 1Alibaba (BABA) agrees to sell mobile hit studio Ringti Games to Trustar Capital
  2. 2Price undisclosed; reported value of $1.5–2 billion as a move to focus on AI and cloud
  3. 3Shifts focus to AI, central to Beijing's economic strategy; Qwen model surpasses 3 billion downloads in six months

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