- Alibaba is selling its gaming arm Lingxi to private-equity firm Trustar Capital in a deal reportedly worth at least $1.5 billion.
- The sale fits Alibaba’s shift to prioritize AI and cloud — it just unveiled its largest AI model and is targeting $100 billion in AI revenue over five years.
- Lingxi’s biggest title is the hit MMO strategy game Three Kingdoms: Strategy Edition, developed in partnership with Japan’s Koei Tecmo.
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