[Alibaba to Sell Gaming Unit Lingxi Interactive Entertainment for at Least $1.5 Billion, Accelerating AI Transformation] According to Bloomberg, Alibaba has reached an agreement to sell its gaming business, Lingxi Interactive Entertainment, to Asian private equity firm Trustar Capital, with the deal valued at no less than $1.5 billion. Lingxi Interactive Entertainment CEO Zhou Bingshu stated in an internal memo that this move aims to allow Alibaba to better focus on strategic priorities. Alibaba is accelerating its strategic transformation in AI and cloud computing, with a goal of achieving $100 billion in AI revenue within five years. This month, Alibaba unveiled its largest AI model to date, claiming its performance rivals that of Anthropic. The sale is the latest step in Alibaba's efforts to divest non-core assets and concentrate on its AI strategy.