Alibaba Sells Game Studio to Trustar | Boise News

Alibaba is reportedly offloading its game studio Lingxi Games to private equity firm Trustar Capital in a deal rumored to fetch over $2 billion, as the tech giant pivots toward AI and cloud computing. Known for hits like Three Kingdoms: Strategy Edition, Lingxi’s leadership plans to stay on board to ensure continuity. The sale follows earlier setbacks including stalled fundraising and internal upheaval amid China’s tighter gaming regulations. Trustar, an Asia-focused firm with deep industry ties, aims to fuel Lingxi’s growth — though it remains unclear if Alibaba will retain any future business ties. Final terms and regulatory approvals are still pending, but insiders say this marks a major strategic shift for Alibaba. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/2a06286217f6aac3