https://www.live-feeds.com/feed/alibaba-to-sell-videogame-business-for-at-least-1-5-billionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/alibaba-to-sell-videogame-business-for-at-least-1-5-billionhttps://www.live-feeds.com/feed/alibaba-to-sell-videogame-business-for-at-least-1-5-billion#u44807Tue, 18 Aug 2026 07:11:08 +0000Alibaba 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 mattersAlibaba is restructuring its portfolio to compete in the global AI race. By offloading non-core assets like Lingxi