Alibaba Drops Gaming Arm as AI Takes Center Stage

AI Summary 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 . fulltext: 432 chars | fulltext source: rss-fallback | summary method: extractive Original: https://beincrypto.com/alibaba-lingxi-games-sale-ai-pivot/ Source: BeInCrypto