Rumors Circulate Regarding Alibaba's Potential Sale of Gaming Division, Company Yet to Comment

Deep News16:51

Reports have emerged suggesting that Alibaba Group is considering the sale of its gaming business unit, Lingxi Interactive Entertainment.

According to information from multiple senior industry sources, the company has reportedly engaged with at least five potential buyers. These include 37 Interactive Entertainment, China Ruyi, Century Huatong, and Giant Network, as well as a consortium involving two major private equity firms. The proposed sale price is estimated to be between 7 and 9 billion Chinese yuan, equivalent to approximately 1 to 1.3 billion US dollars.

Industry observers have speculated that this potential move by Alibaba may be aimed at securing more substantial cash reserves.

When approached for comment on these reports, Alibaba Group had not issued an official response at the time of publication.

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