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Alibaba to sell video-games unit Lingxi Games

By Benjamin Chiou

Date: Monday 17 Aug 2026

(Sharecast News) - Alilbaba has agreed a deal to sell its video-gaming business to private-equity outfit Trustar Capital for at least $1.5bn, as the ecommerce giant offloads non-core businesses and increases its spending on AI.

According to an internal memo seen by The Wall Street Journal, the Chinese firm has...

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