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Trustar Capital Inc. agreed to acquire Lingxi Games Inc. from Alibaba Group Holding Limited for estimated $1.5 billion.

Trustar Capital Inc. has agreed to acquire Lingxi Games Inc. from Alibaba Group Holding Limited for an estimated $1.5 billion. This valuation is based on industry speculation reported by Techinasia. The acquisition was officially reported on August 17, 2026.

Alibaba (BABA) Nears $1.5 Billion Lingxi Games Deal As AI Focus Sharpens

Never miss an important update on your stock portfolio and cut through the noise. Over 7 million investors trust Simply Wall St to stay informed where it matters for FREE. Alibaba Group Holding (NYSE:BABA) is in advanced talks to sell its gaming unit, Lingxi …

What Silgan Holdings (SLGN)'s Dividend Hike and Segment Upgrade Mean For Shareholders

Silgan Holdings Inc. recently announced a quarterly dividend increase to US$0.21 per share and received an upgrade from RBC Capital Markets, driven by the strong performance of its Dispensing and Specialty Closures segment. This news reinforces the company's commitment to returning cash to shareholders …

HC Wainwright Issues Pessimistic Forecast for CNTB Earnings

HC Wainwright has lowered its Q3 2026 EPS estimate for Connect Biopharma (NASDAQ: CNTB) to a loss of $0.30 per share from $0.26, despite the company recently beating Q2 expectations. The firm maintains a "Buy" rating and a $7.00 price target, aligning with the …

Can Flowco (NYSE:FLOC) Q2 Earnings Boost Its NYSE Composite Standing?

Zacks Research Has Bullish Estimate for GCTS Q3 Earnings

Why is Geely Automobile stock rallying today?

AJJ Medtech defends director’s capacity amid SGX scrutiny

The Bull Case For DigitalOcean Holdings (DOCN) Could Change Following Mixed Q2 2026 Results And Upbeat Guidance

Metropolitan Bank Holding (MCB) Could Be 17% Undervalued If Its Growth Narrative Holds

Alibaba to sell Lingxi Games for over $1.5B to Trustar as AI focus grows: report

[Millennial-aged man playing E-sports on his computer] Trevor Williams * Alibaba Group Holding (BABA [https://seekingalpha.com/symbol/BABA]) is reportedly selling its gaming arm in a deal worth at least $1.5B that will boost the Chinese e-commerce leader’s pivot to AI. * Asian private equity firm Trustar …

Hang Seng: Bullish flag emerges ahead of Shein IPO, Baidu and Alibaba earnings

Geely Automobile: Record revenue and NEV-driven sales growth, with core profit up 46% YoY and exports soaring

Earnings call transcript: Fiducian H2 2026 profit hit by ASIC penalty

AXIS Capital Holdings (AXS), What Is Drawing Fresh Attention?

AXIS Capital Holdings (AXS) has appointed John Kopach as Head of Wholesale Lower Middle Market, replacing Britt Smith. Despite a recent share price decline of 11.83% over 30 days, the company has strong long-term momentum with a 1-year total shareholder return of 8.08% and …

Earnings call transcript: Aurizon FY 2026 profit rises as stock falls 10%

Harvey Norman Holdings (ASX:HVN) Shares Fall as Retail Trends Remain in Focus

Aurizon Holdings (ASX:AZJ) Shares Retreat as Investors Assess FY27 Outlook

STOCKWATCH | Stadio trades at a premium as investors bet on growth

Aurizon profit hits $362m but weak coal outlook sinks stock

FFI Holdings Limited Reports Earnings Results for the Full Year Ended June 30, 2026

Centuri Holdings (CTRI) Could Be 36% Below Fair Value Following Raised Outlook

Alarm.com Holdings (ALRM) Raised 2026 Revenue Guidance, Is The Stock Still Cheap?

Should ADW Capital’s Activist Sale Push and Governance Critique Require Action From Driven Brands (DRVN) Investors?

In early August 2026, ADW Capital Management sent a public letter criticizing Driven Brands Holdings' board for rejecting its all-cash US$18.00 per share offer and urged an immediate strategic review, including a potential sale of the whole company or individual segments. ADW's accusations of …

How Aercap Holdings N.v. (AER) Affects Rotational Strategy Timing

This article analyzes Aercap Holdings N.v. (AER) using AI models to provide trading strategies for different risk profiles. It highlights weak near-term sentiment but strong long-term outlook, with specific entry, target, and stop-loss zones for position, momentum breakout, and risk hedging strategies. The analysis …

Is Norwegian Cruise Line Holdings (NCLH) A Bargain On Dilution Risk Concerns?

Alibaba to Sell Gaming Arm for $1.5 Billion in Boost to AI Pivot

Alibaba Group Holding Ltd. is selling its gaming arm, Lingxi Games, to Asian private equity firm Trustar Capital for at least $1.5 billion. This divestment is intended to support Alibaba's strategic pivot towards artificial intelligence. The move was confirmed in an internal memo from …

Onfolio Holdings Inc. Revenue Breakdown – BOATS:ONFOW

This article provides a revenue breakdown for Onfolio Holdings Inc. (ONFOW), highlighting that the United States was its largest contributor to revenue, generating $10.73 million USD in the last year, compared to $7.86 million USD the year prior. The data is presented from TradingView, …

Q2 Household Products Earnings: Spectrum Brands (NYSE:SPB) Earns Top Marks

Q2 Household Products Earnings: Spectrum Brands (NYSE:SPB) Earns Top Marks As the Q2 earnings season wraps, let's dig into this quarter's best and worst performers in the household products industry, including Spectrum Brands (NYSE:SPB) and its peers. Household products stocks are generally stable investments, …

Alibaba, Baidu, Kuaishou Address Mounting AI Costs as Competition Intensifies

(Bloomberg) -- Alibaba Group Holding Ltd., Baidu Inc. and Kuaishou Technology are the next big names in tech that will have to address concerns over the mounting financial costs needed to sustain intense AI competition. Most Read from Bloomberg Covert Mideast Oil Flows Are …

Tencent Details Progress Toward Carbon Neutrality Goals and Outlines AI-Era Priorities

New report outlines how infrastructure efficiency, renewable electricity and AI-enabled innovation can support lower-carbon growth SHENZHEN, China, Aug. 17, 2026 /PRNewswire/ -- Tencent (0700.HK) published its Carbon Neutrality Mid-Term Report and launched an accompanying interactive microsite, sharing its progress to date and pathway toward …

Ingram Micro’s Record Q2 Signals AI‑Fueled Upside

Nimble discloses narrower loss at key U.S. unit Emerson Radio

Aveanna Healthcare Holdings (AVAH) Lifted Its 2026 Outlook, Is The Stock Now Pricey?

Shougang Century Holdings (SEHK:103) Stock Grapples With Revenue Growth And Profit Squeeze

Energy Vault Holdings Inc (NRGV) Stock News Today