Alibaba Pursues Sale of Lingxi Games for $1.5 Billion
Prefer us on Google
Alibaba is in the process of selling its gaming subsidiary, Lingxi Games, with the transaction size being discussed at a minimum of $1.5 billion. Lingxi Games is likely to be sold to Trusda Capital, and the sale is expected to include around 1,200 employees, five studios, and the 9game platform. This sale rumor has been ongoing since June, when Alibaba was reported to be considering the sale of Lingxi Games, with a price range estimated between 7 billion to 9 billion yuan, or approximately $1.03 billion to $1.33 billion. Alibaba has reportedly been in contact with 37 Interactive Entertainment, Century Huatong, Giant Network, and China Rui. Lingxi Games represents Alibaba's gaming business and is known for titles such as "Romance of the Three Kingdoms: Strategy Edition." Recently, Alibaba has been focusing on cloud and AI, with AI-related products accounting for 30% of external sales. The sale rumor is interpreted as a trend indicating that Alibaba is shifting its focus from gaming to cloud and AI investments. Industry insiders suggest that even though Lingxi Games is a profitable asset, its strategic priority within the Alibaba Group has diminished.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
Wall Street Futures Drop, Brent Oil Falls to $91.26
ECB Defends Digital Euro Privacy Design, Claims User Identities Cannot Be Identified
Number of MiCA Licensed Institutions Increases to 331, All New Additions from German Cooperative Banks
MIPT: Testing Cryptocurrency Trading Strategies in Real Market Conditions
20-Year Treasury Yield at 5.20%, Risks in Cash Flow for Loan Purchases
Arthur Hayes: ETH Will Outperform Large-Cap Tokens in Market Rebound
Government Explains Limited Dollar Sales by Samsung Electronics and SK Hynix
Blockade of Ukrainian Ports May Lead to 30% Increase in Agricultural Prices
PeaqOS Introduces Autonomous Robot Human Authentication Feature with World ID
Anthropic Considers Opposition to AI Data Centers as IPO Risk Factor
Anthropic Invests $35 Million in Security Fund to Expand Claude Mythos 5's Defensive Capabilities
Regulation of Transfers from Personal Wallets for Virtual Assets
Bank of Korea's Reassessment of Potential Growth Rate Sparks Debate on Interest Rate Benchmarks
ZachXBT Launches New Site: Blocks Fraud Investigation Requests from Seven Countries including the UK, Canada, and India
SK Hynix Confirms No Plans for Factory Construction in Japan
Scandal with State Bank: Zelensky Comments on Possible Dismissal of NBU Head Pyshny
Warning: IRS Alerts Users of Cryptocurrency Phishing Scams Involving Fake QR Codes and Emails
KFTC Issues Guidelines to Curb Excessive Investment of Prepaid Funds in High-Risk Assets
Bitwise CIO Predicts Bitcoin Could Reach $1.3 Million in 10 Years
Chip and Storage Stocks Peak as TRS Financing Costs Hit Record High
63% of Religious Books on Amazon Are Likely AI-Written, Study Finds
Apple's Foldable iPhone May Be Priced Over $2000
Crypto: Solana Reduces Block Creation Time to 350 Milliseconds
BitMart weighs phased restart and creditor payouts
Is the fixed term worth it? How much does $1,000,000 generate in 30 days
Illinois crypto groups seek injunction against new tax
Dollar Carry Trade Records 18% Profit in 2025, 1.3% Increase in Early 2026
Unstable Pix in 7 Banks: What Failures Reveal About the System
Term Labs vault exploit drains estimated $8.5M
America is creating a new class of crypto banks – but they aren’t really banks
Wall Street Futures Drop, Brent Oil Falls to $91.26
ECB Defends Digital Euro Privacy Design, Claims User Identities Cannot Be Identified
Number of MiCA Licensed Institutions Increases to 331, All New Additions from German Cooperative Banks
MIPT: Testing Cryptocurrency Trading Strategies in Real Market Conditions
20-Year Treasury Yield at 5.20%, Risks in Cash Flow for Loan Purchases
Arthur Hayes: ETH Will Outperform Large-Cap Tokens in Market Rebound
Contents
Latest articles
Latest coin listings on WEEX
