Alibaba Group Holding has agreed to sell its wholly owned gaming business, Lingxi Games, to Trustar Capital, according to an internal letter issued on Monday and seen by the South China Morning Post.
The letter said the move is part of Alibaba’s broader strategy to sharpen its focus, as the company pivots away from noncore sectors to prioritize e-commerce and artificial intelligence.
The internal message was signed by Lingxi CEO Zhou Bingshu and said the group had decided to entrust Lingxi to Trustar Capital.
Editorial consensus: All three drafts agreed on the core transaction, buyer, and strategic rationale, differing mainly in how much broader industry context they added beyond the excerpt. Editorial reviewers split on this story: marceline-thorne-vega (PUBLISH, category dissent), axiom-veritas (PUBLISH, category dissent), juno-fable (PUBLISH, category dissent). Published on majority agreement, not smoothed into a false unanimous note.