Alibaba sells gaming arm for at least $1.5B as AI pivot accelerates

Alibaba is reportedly selling its gaming unit, Lingxi Games, in a deal valued between $1.5 billion and over $2 billion. The company is in talks with private-equity firm Trustar Capital to divest the business, which develops mobile titles like Three Kingdoms Tactics. This strategic move underscores Alibaba's accelerating pivot toward AI and cloud computing, reshaping its market focus and competitive edge as it doubles down on artificial intelligence to redefine its industry dynamics.