Alibaba Group Holding is nearing a deal to sell its gaming division, Lingxi Games, to private equity firm Trustar Capital. Bloomberg reported the potential transaction, citing sources familiar with the matter.
The divestiture aligns with Alibaba’s strategy to offload non-core assets and concentrate resources on e-commerce and cloud computing. This move forms part of an ongoing restructuring to improve capital allocation toward core operations.
Financial terms for the potential deal remain undisclosed. Analysts view the sale as a strategic sharpening of the company’s portfolio rather than a sign of financial distress.