{"slug": "alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot-bloomberg", "title": "Alibaba to sell gaming arm for US$1.5 billion in boost to AI pivot: Bloomberg", "summary": "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 News. The sale is part of Alibaba's broader reorganization under CEO Eddie Wu to focus on artificial intelligence and cloud computing, with a goal of reaching US$100 billion in AI revenue in five years.", "body_md": "# Alibaba to sell gaming arm for US$1.5 billion in boost to AI pivot: Bloomberg\n\nFirm undergoing a broader corporate reorganisation under CEO Eddie Wu\n\nALIBABA Group Holding is selling its gaming arm in a deal worth at least US$1.5 billion that will boost the Chinese e-commerce leader’s pivot to AI.\n\nAsian private equity firm Trustar Capital has reached an agreement to acquire Lingxi Games, according to an internal 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,” said Zhou Bingshu, chief executive officer of Lingxi Games, without disclosing the size of the deal.\n\nThe transaction may value the studio at more than US$1.5 billion, Bloomberg News reported on Aug 14. Alibaba and Trustar did not immediately respond to a request for comment.\n\nAlibaba is undergoing a broader corporate reorganisation under chief executive officer Eddie Wu, divesting non-core assets while making artificial intelligence and cloud computing a top strategic priority with the aim of reaching US$100 billion in AI revenue in five years.\n\nIn August, Alibaba [released its biggest ever AI model,](https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alibaba-releases-new-qwen-ai-model-performance-rivalling-anthropics-fable) claiming performance on par with global leader Anthropic in the latest Chinese breakthrough to challenge US rivals.\n\nLingxi’s flagship and top-grossing game, *Three Kingdoms: Strategy Edition*, is a massive multiplayer online strategy title developed in partnership with Japan’s Koei Tecmo Holdings. BLOOMBERG\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nFinancial planners urge investors to consider other options as T-bills yields lose steam\n\nSingapore may be expected to tighten measures after US ‘transshipment scam’ report: economists\n\nHow BYD disrupted Singapore’s car market – and why the strategy is turning on itself\n\nUOB’s digital wealth sales, transactions jump almost 50% as clients invest more online", "url": "https://wpnews.pro/news/alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot-bloomberg", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/alibaba-sell-gaming-arm-us1-5-billion-boost-ai-pivot-bloomberg", "published_at": "2026-08-17 02:18:19+00:00", "updated_at": "2026-08-17 02:41:06.367715+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-policy"], "entities": ["Alibaba Group Holding", "Trustar Capital", "Lingxi Games", "Eddie Wu", "Zhou Bingshu", "Bloomberg News", "Koei Tecmo Holdings", "Anthropic"], "alternates": {"html": "https://wpnews.pro/news/alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot-bloomberg", "markdown": "https://wpnews.pro/news/alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot-bloomberg.md", "text": "https://wpnews.pro/news/alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot-bloomberg.txt", "jsonld": "https://wpnews.pro/news/alibaba-to-sell-gaming-arm-for-us-1-5-billion-in-boost-to-ai-pivot-bloomberg.jsonld"}}