Alibaba Drops Gaming Arm as AI Takes Center Stage
Alibaba Group Holding (BABA) is selling its gaming unit, Lingxi Games, to Asian private equity firm Trustar Capital in a transaction reportedly worth at least $1.5 billion. The sale comes as CEO Eddie Wu makes artificial intelligence and cloud computing key strategic priorities for the company. Why Alibaba Is Letting Go of Gaming Lingxi CEO The post Alibaba Drops Gaming Arm as AI Takes Center Stage appeared first on BeInCrypto.
Key Takeaways
- Alibaba Group Holding (BABA) is selling its gaming unit, Lingxi Games, to Asian private equity firm Trustar Capital in a transaction reportedly worth at least $1.5 billion.
- The sale comes as CEO Eddie Wu makes artificial intelligence and cloud computing key strategic priorities for the company.
- Why Alibaba Is Letting Go of Gaming Lingxi CEO The post Alibaba Drops Gaming Arm as AI Takes Center Stage appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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