Alibaba Group Holding is in advanced negotiations to sell its gaming division, Lingxi Games, to private equity firm Trustar Capital. The potential deal values the unit at over $1.5 billion.
This divestiture aligns with Alibaba’s strategy to exit non-core assets. The company will redirect resources toward cloud computing, AI, and e-commerce.
The move streamlines Alibaba’s portfolio to optimize capital allocation. This follows a broader re-evaluation of holdings to prioritize technology infrastructure and digital services.