AI
Alibaba to sell gaming arm for $1.5 billion in boost to AI pivot
BloombergAug 17
Alibaba is undergoing a broader corporate reorganisation under CEO Eddie Wu, divesting non-core assets while making AI and cloud computing a top strategic priority with the aim of reaching $100 billion in AI revenue in five years
Alibaba Group Holding Ltd. is selling its gaming arm in a deal worth at least $1.5 billion that will boost the Chinese e-commerce leaders pivot to AI. Asian private equity firm Trustar Capital has r… [+1161 chars]