Alibaba is close to selling its gaming division Lingxi Games to private equity firm Trustar Capital for more than $1.5 billion. The unit being divested has approximately 1,200 employees, five self-developed studios, and the mobile gaming platform 9game. When Alibaba first began marketing Lingxi Games in June 2026, the company was targeting a valuation of 7 to 9 billion yuan, equivalent to roughly $1.0 to $1.3 billion. This sale is part of a deliberate strategic realignment as Alibaba looks to focus resources on artificial intelligence and cloud infrastructure, concluding that gaming no longer fits the narrative it wants to present to investors and partners.
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