Dossier
Eddie Wu
Coverage of Eddie Wu in the Nexus archive.
- Alibaba’s $2 billion gaming exit signals where Beijing wants its money
Alibaba is selling its video game development arm, Lingxi Games, reportedly valued between $1.5 billion and $2 billion, to private-equity firm Trustar Capital. This strategic exit allows Alibaba to focus entirely on key growth areas like AI and cloud computing, which are central to Beijing’s economic strategy. The move reflects a broader corporate necessity for large Chinese tech companies to consolidate resources amid domestic competition.