Alibaba Group Holding reported a 9% jump in revenue to nearly 269 billion yuan (US$40 billion) for the quarter ended June, driven by demand for its cloud computing from China's AI boom, but net income…
Alibaba Group Holding Ltd.'s net income plunged more than 75% to 10.5 billion yuan ($1.6 billion) in the latest quarter, despite a 9% revenue jump, as the company ramped up AI spending and faced a Chi…
Alibaba Group Holding Ltd. agreed to sell its video game development arm Lingxi Games, the studio behind the mobile hit Three Kingdoms: Strategy Edition, to private-equity firm Trustar Capital for bet…
Alibaba Group Holding Ltd. sold its Lingxi Games unit for over $1.5 billion, according to Yahoo Finance's Julie Hyman, as the Chinese tech giant sharpens its focus on artificial intelligence. The sale…
Alibaba Group Holding has agreed to sell its wholly owned gaming business Lingxi Games to Trustar Capital, the private equity arm of Citic Capital, as the Chinese tech giant sharpens its focus on e-co…
Alibaba Group Holding Ltd. is selling its gaming subsidiary Lingxi Games in a deal valued at more than $2 billion, according to Reuters, as the Chinese tech giant focuses on artificial intelligence an…
Alibaba Group Holding is selling its gaming arm, Lingxi Games, to Asian private equity firm Trustar Capital in a deal worth at least US$1.5 billion, according to an internal memo reviewed by Bloomberg…
Alibaba Group Holding Ltd. is nearing a deal to sell its gaming division, Lingxi Games, to Asian private equity firm Trustar Capital for at least $1.5 billion, as the e-commerce giant sheds non-core a…