22:06 - 17.08.2026

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August 17, Fineko/abc.az. Chinese tech giant Alibaba Group has reached an agreement to sell its entire stake in gaming studio Lingxi Games to private equity firm Trustar Capital, as it shifts capital and strategic focus toward AI and cloud computing.

Sources estimate the value of the deal between $1.5 billion and over $2 billion. Lingxi Games CEO Zhou Bingshu and the current management team will remain in place following the transaction. Lingxi Games is best known for its hit mobile title "Three Kingdoms: Strategy Edition".