Quartz·2 min read·medium
Alibaba is selling its gaming unit for at least $1.5 billion to fund its AI push
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Alibaba is selling its gaming division to private-equity firm Trustar Capital for at least $1.5 billion. The company intends to use the proceeds to accelerate its strategic investment in artificial intelligence.
The Chinese tech giant has agreed to transfer its full stake in the gaming studio to Asian private-equity firm Trustar Capital
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