{
  "id": 1393619,
  "title": "Alibaba to sell gaming arm for US$1.5 billion in boost to AI pivot",
  "url": "https://urgent.news/2026/08/17/alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-17T01:40:00.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/companies-markets/alibaba-to-sell-gaming-arm-for-us1-5-billion-in-boost-to-ai-pivot"
  },
  "original_language": "en",
  "account": "Alibaba Group Holding has agreed to sell its gaming arm, Lingxi Games, for a minimum of US$1.5 billion, as part of the Chinese e-commerce giant's shift towards artificial intelligence. Trustar Capital, an Asian private equity firm, has finalized the deal to acquire Lingxi Games, according to an internal memo reviewed by Bloomberg News. The transaction could potentially value the studio at over US$1.5 billion, as reported by Bloomberg News last week. Lingxi Games' flagship game, Three Kingdoms: Strategy Edition, is a popular multiplayer online strategy title co-developed with Japan's Koei Tecmo Holdings Co. This strategic move by Alibaba, under CEO Eddie Wu, aligns with the company's broader corporate restructuring, which prioritizes artificial intelligence and cloud computing as strategic priorities. Alibaba aims to generate US$100 billion in AI revenue within the next five years.",
  "summary": null,
  "key_points": [
    "Alibaba sells gaming arm Lingxi Games for $1.5B",
    "Trustar Capital acquires Lingxi Games in deal",
    "Move aligns with Alibaba's AI and cloud pivot"
  ],
  "editors_take": "This sale marks a significant step in Alibaba's pivot towards artificial intelligence, allowing the company to focus on high-priority areas and potentially reach its ambitious AI revenue goal.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Alibaba to sell gaming arm for $1.5 bln as AI focus intensifies - Bloomberg",
        "url": "https://urgent.news/2026/08/17/alibaba-to-sell-gaming-arm-for-1-5-bln-as-ai-focus-intensifies",
        "published": "2026-08-17T01:39:37.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}