Monday, 17 August, 2026
Game Over for Gaming: Alibaba Cashes Out on Lingxi to Double Down on AI
By TechShots Studio
Alibaba has agreed to sell its entire stake in game developer Lingxi Games to private equity firm Trustar Capital in a deal expected to exceed $2 billion. The sale reflects Alibaba's strategy under CEO Eddie Wu to shed non-core assets and redirect capital toward core priority areas, specifically artificial intelligence and cloud computing. CEO Zhou Bingshu will continue leading Lingxi post-acquisition.