{
  "id": 1466662,
  "title": "Alibaba sells gaming arm Lingxi Games as tech giant sharpens focus on AI and e-commerce",
  "url": "https://urgent.news/2026/08/17/alibaba-sells-gaming-arm-lingxi-games-as-tech-giant-sharpens-focus-on-1466662",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-17T10:00:11.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/big-tech/article/3364287/alibaba-sells-gaming-arm-lingxi-games-tech-giant-sharpens-focus-ai-and-e-commerce"
  },
  "original_language": "en",
  "account": "Alibaba Group Holding has decided to sell its gaming subsidiary Lingxi Games to Trustar Capital, as the Chinese tech giant focuses on strengthening its e-commerce and artificial intelligence sectors, according to an internal letter. Lingxi CEO Zhou Bingshu confirmed the transfer to Trustar Capital, which is part of Alibaba's broader strategy to streamline its operations. The financial details of the sale were not disclosed. This move follows the divestment of other non-core assets, such as hypermarket operator Sun Art Retail and department store chain Intime Retail. Similar divestitures have been seen among industry peers, such as ByteDance's sale of Moonton to Savvy Games Group in March. Lingxi was created in 2019 and has grown to become one of Alibaba's most successful ventures, operating multiple in-house studios and platforms like Jiuyou and JiaoYiMao. Its portfolio includes popular titles like Three Kingdoms Tactics and Three Kingdoms Fantasy Land. The deal is valued at over US$1.5 billion, according to The Wall Street Journal. Trustar, a major private equity firm, will manage Lingxi as part of its portfolio of investments.",
  "summary": "Alibaba Group Holding has agreed to sell its wholly owned gaming business Lingxi Games to Trustar Capital as the Chinese technology giant pivots away from noncore sectors to prioritise e-commerce and artificial intelligence, according to an internal letter issued on Monday. “As part of Alibaba’s broader strategy to sharpen its focus, the group has decided to entrust Lingxi to Trustar Capital,”…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Alibaba sells gaming arm Lingxi Games as tech giant sharpens focus on AI and e-commerce",
        "url": "https://urgent.news/2026/08/17/alibaba-sells-gaming-arm-lingxi-games-as-tech-giant-sharpens-focus-on",
        "published": "2026-08-17T10:00:11.000Z"
      }
    ]
  },
  "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."
}