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● TRACKER Updated 29d ago · 7 sources tracked

Alibaba to Sell Videogame Business for at Least $1.5 Billion

Alibaba is selling its gaming arm, Lingxi Games, for at least $1.5 billion to redirect capital toward artificial intelligence and e-commerce. While multiple reports cite a $1.5 billion price tag, one source claims the deal exceeds $2 billion. The company intends to use the proceeds to support an all-in bet on AI, specifically fueling its Qwen initiatives. This divestment marks a strategic shift away from the gaming sector to prioritize high-growth technology sectors.

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  • ✓ Alibaba is selling its gaming business, Lingxi Games.
  • ✓ The sale price is at least $1.5 billion.
  • ✓ Alibaba is using the sale to fund a strategic pivot toward AI and e-commerce.
🛡️ Source Corroboration: 7 independent reporting domains (80% confidence) ⏱ Read time: ~2 min

What changed

Reports now identify Lingxi Games as the specific unit being sold and name Trustar Capital as the buyer.

Live updates

  1. Alibaba Sells Lingxi Games to Fund AI and E-commerce Pivot

    Alibaba is selling its gaming arm, Lingxi Games, for at least $1.5 billion to redirect capital toward artificial intelligence and e-commerce. While multiple reports cite a $1.5 billion price tag, one source claims the deal exceeds $2 billion. The company intends to use the proceeds to support an all-in bet on AI, specifically fueling its Qwen initiatives. This divestment marks a strategic shift away from the gaming sector to prioritize high-growth technology sectors.

    Why it matters

    Alibaba is restructuring its portfolio to compete in the global AI race. By offloading non-core assets like Lingxi Games, the company can concentrate resources on its Qwen AI model and core retail operations.

    What is confirmed

    • Alibaba is selling its gaming business, Lingxi Games.
    • The sale price is at least $1.5 billion.
    • Alibaba is using the sale to fund a strategic pivot toward AI and e-commerce.

    Still unconfirmed

    • Trustar Capital is the buyer of Lingxi Games.

    What to watch next

    • Official confirmation of the final sale price
    • Details on how the funds will be allocated to the Qwen AI project
    Sources used for this update (8)
    1. WSJ — Alibaba to Sell Videogame Business for at Least $1.5 Billion
    2. Bloomberg.com — Alibaba to Sell Gaming Arm for $1.5 Billion in Boost to AI Pivot
    3. Reuters — Alibaba to sell Lingxi Games in more than $2 billion deal, source says
    4. Yahoo Finance — BABA Stock Gains Ground: Alibaba Reportedly Sells Gaming Unit For $1.5B As Qwen Fuels Bigger AI Push
    5. The Next Web — Alibaba sells its Lingxi games arm to fund an all-in bet on AI
    6. South China Morning Post — Alibaba sheds gaming business Lingxi to double down on AI and e-commerce
    7. qz.com — Alibaba sells Lingxi Games to Trustar Capital for $1.5 billion
    8. Yahoo Finance — Alibaba’s AI Pivot Deepens, Plans to Offload Gaming Business For at Least $1.5 Billion: Report
    confidence 80%
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