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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 Capital has reached an agreement to acquire Lingxi Games, according to an internal memo …