Alibaba to promote gaming arm for US$1.5 billion in enhance to AI pivot: Bloomberg

Published Mon, Aug 17, 2026 · 10:18 AM

ALIBABA Group Holding is promoting its gaming arm in a deal value at the least US$1.5 billion that can enhance the Chinese e-commerce chief’s pivot to AI.

Asian non-public fairness agency Trustar Capital has reached an settlement to amass Lingxi Games, based on an inner memo distributed on Monday (Aug 17) and reviewed by Bloomberg News. “Alibaba is handing Lingxi to Trustar due to better focus on its strategic priorities,” mentioned Zhou Bingshu, chief government officer of Lingxi Games, with out disclosing the scale of the deal.

The transaction could worth the studio at greater than US$1.5 billion, Bloomberg News reported on Aug 14. Alibaba and Trustar didn’t instantly reply to a request for remark.

Alibaba is present process a broader company reorganisation underneath chief government officer Eddie Wu, divesting non-core property whereas making synthetic intelligence and cloud computing a high strategic precedence with the intention of reaching US$100 billion in AI income in 5 years.

In August, Alibaba launched its largest ever AI mannequin, claiming efficiency on par with international chief Anthropic within the newest Chinese breakthrough to problem US rivals.

Lingxi’s flagship and top-grossing recreation, Three Kingdoms: Strategy Edition, is a large multiplayer on-line technique title developed in partnership with Japan’s Koei Tecmo Holdings. BLOOMBERG