From：Internet Info Agency 2026-08-17 13:44:00
On August 17, Alibaba Group announced that it has entered into an agreement with CCB International Capital to sell its stake in Lingxi Games. CCB International Capital will become a new shareholder of Lingxi Games. Lingxi Games, Alibaba's gaming business, was formed through multiple acquisitions and integrations since 2014 and was spun off as an independent business group under a new name in September 2020. CCB International Capital is the private equity arm of CITIC Capital. According to Bloomberg, the transaction is valued at $1.5 billion, though neither Alibaba nor CCB International Capital has confirmed the figure.
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