Alibaba Group has agreed to sell its gaming division, Lingxi Games, to Trustar Capital. This move is part of Alibaba's strategic pivot to prioritize its core businesses in e-commerce, cloud computing, and artificial intelligence. Lingxi Games, known for titles like "Three Kingdoms Tactics," was established in 2019 and has been a relatively successful venture for the tech giant. AI
IMPACT This divestiture allows Alibaba to concentrate resources on its AI initiatives, potentially accelerating their development and deployment.
RANK_REASON Sale of a non-core asset by a large tech company.
- Alibaba Group
- CITIC Capital
- Ejoy
- Intime Retail
- Lingxi Games
- NetEase
- Sun Art Retail Group
- Three Kingdoms Tactics
- Toby Xu Hong
- Trustar Capital
- Zhan Zhonghui
- Zhou Bingshu
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