Alibaba to sell Ringti Games, exits in-house game development
BABA Alibaba Group Holding Ltd ADR
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View chart & analysis → - 1Alibaba (BABA) agrees to sell mobile hit studio Ringti Games to Trustar Capital
- 2Price undisclosed; reported value of $1.5–2 billion as a move to focus on AI and cloud
- 3Shifts focus to AI, central to Beijing's economic strategy; Qwen model surpasses 3 billion downloads in six months
This 3-line summary is compiled from the report below.
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