Alibaba Sells Gaming Unit Lingxi Games for $1 Billion
Photo: TechNode
Quick answer
Alibaba plans to sell its gaming unit Lingxi Games for $1.03–1.33 billion to streamline assets and fund other business initiatives.
Alibaba Group has initiated the sale process for its gaming subsidiary Lingxi Games, valued between $1.03 billion and $1.33 billion. According to sources, both major Chinese game developers and private equity firms are involved in the negotiations.
Potential buyers include companies such as 37 Interactive Entertainment, China Ruyi, Century Huatong, and Giant Network. If completed under the proposed terms, the deal could rank among the largest in China’s gaming market history.
Founded in 2018, Lingxi Games has gained popularity through projects like *Three Kingdoms: Strategy Edition*. The asset sale will enable Alibaba to focus on other strategic initiatives and allocate resources for future growth.
Industry experts note that such transactions are becoming increasingly common among China’s tech giants, which are optimizing their business portfolios amid a shifting market landscape.
Common questions
- Why is Alibaba selling Lingxi Games?
- The company aims to optimize its asset portfolio and secure additional capital to support other business growth areas.
- Which companies are potential buyers of Lingxi Games?
- Major Chinese game studios like 37 Interactive Entertainment, China Ruyi, Century Huatong, Giant Network, and private equity firms are among the potential buyers.
- What games does Lingxi Games develop?
- The subsidiary is known for the strategy game *Three Kingdoms: Strategy Edition* and other popular titles in the gaming industry.
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