Alibaba is selling Lingxi Games
Alibaba is selling its Lingxi Games studio, reported by Yahoo Finance and separately by KrASIA. Both frame the sale as a narrowing of focus onto AI and cloud. Neither report states a buyer, a price, or a completion date, so none is recorded here.
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Alibaba (BABA) is Selling Lingxi Games. Is AI Now Its Only Priority? Jeff Lewis Thu, August 20, 2026 at 10:14 AM GMT+10 4 min read BABA Alibaba Group Holding Limited (NYSE: BABA ) agreed to sell its entire interest in Lingxi Games to private equity firm Trustar Capital. A source told Reuters that the deal is worth more than $2 billion, although the internal announcement did not disclose the price, closing timetable, or regulatory approvals. Alibaba's Hong Kong shares closed 1.9% higher at HK$122.20 on August 17, outperforming a rising Hong Kong market. For Alibaba Group Holding Limited (NYSE:B…