Alibaba to sell Lingxi Games in more than $2 billion deal, source says - Reuters

Alibaba is selling its profitable gaming subsidiary, Lingxi Games, to the Asian private-equity firm Trustar Capital in a deal valued at over $2 billion. The Chinese giant intends to use the proceeds from this divestment to fund an all-in bet on AI, specifically investing in Qwen and its data centres. While the sale is proceeding, reports indicate that the buyers and sellers have faced disagreements regarding the exact valuation of the gaming studio.