5 Hrs
Source:
منصة تك عربي
_1777370074079_638186083.jpg&w=48&q=75){kind=small}
Alibaba exits gaming with $1.5B deal
Alibaba Group announced the sale of its gaming arm, Lingxi Games, to investment firm Trustar Capital for more than 1.5 billion dollars. This deal is part of Alibaba’s strategy to reorganize its investment portfolio and focus its efforts on artificial intelligence, cloud computing, and e-commerce, as it divests from non-core activities such as gaming. The company’s flagship game, "Three Kingdoms: Strategic Edition," is one of its leading products and has achieved widespread success, surpassing 100 million users worldwide. The sale aims to free up capital and transform Lingxi into an independent investment managed by new ownership, with current management remaining in place, to support the company's growth and development. Meanwhile, Alibaba continues to prioritize its focus on future growth areas.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)