Alibaba said to be selling gaming arm for US$1.5 billion in boost to AI pivot
Firm undergoing a broader corporate reorganisation under CEO Eddie Wu
Alibaba is set to sell its gaming division, Lingxi Games, for an estimated US$1.5 billion, as the company shifts its focus towards artificial intelligence. The Chinese e-commerce giant is undergoing a major corporate restructuring under CEO Eddie Wu, aiming to boost AI and cloud computing as top strategic priorities. Alibaba's goal is to achieve US$100 billion in AI revenue within the next five years.
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