Alibaba has completed the sale of its gaming subsidiary Lingxi Games to private equity firm Trustar Capital for over $2 billion. This transaction marks a strategic pivot for the Chinese tech giant, which is now redirecting its resources toward artificial intelligence and cloud computing under CEO Eddie Wu’s leadership. Lingxi Games operates five development studios and platforms including 9Game and Jiaoyimao, with its flagship product being the mobile game « Three Kingdoms: Strategy Edition ». Built on the 2014 acquisition of UCWeb and the 2017 purchase of Guangzhou Ejoy for approximately $1 billion, this divestment reflects strong market appetite for mobile gaming studios in China despite a strict regulatory environment.
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