Alibaba’s $2 billion gaming exit signals where Beijing wants its money

Source: Biztoc.com· fortune.com· August 18, 2026
Alibaba’s $2 billion gaming exit signals where Beijing wants its money

Alibaba is getting rid of its video game development arm for more than $2 billion, removing the Chinese tech giant from the in-house game development space entirely as it looks to double down into the AI sector. Alibaba has agreed to sell Lingxi Games, the st…

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