AIFortuneabout 2 hours ago
Alibaba sells gaming arm for $2B to focus on AI
3 min read
Alibaba agreed to sell Lingxi Games, the studio behind Three Kingdoms: Strategy Edition, to private-equity firm Trustar Capital for between $1.5 billion and $2 billion. The exit removes Alibaba from in-house game development as it prioritizes AI and cloud computing, targeting $100 billion in AI revenue by 2031.
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