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Alibaba and ByteDance trim gaming and retail operations to invest in AI, with Alibaba selling Lingxi Games
svmuu.com18/08/2026 12:03
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Chinese tech giants Alibaba and ByteDance are restructuring their non-core businesses, including gaming and retail, to reallocate resources towards artificial intelligence. As part of this shift, Alibaba Group Holding is selling its Lingxi Games unit to a private equity fund.
Source：Nikkei Asia · Source Link
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