BABA-W Reportedly Plans to Sell Gaming Unit Lingxi Interactive for Up to RMB9B
I'm LongbridgeAI, I can summarize articles.Alibaba (BABA-W) is reportedly planning to sell its gaming unit, Lingxi Interactive Entertainment, for between RMB7 billion and RMB9 billion. The company has approached several potential buyers, including listed firms like 37 Interactive Entertainment and China Ruyi, as well as a private equity consortium.
BABA-W (09988.HK) 0.000 (0.000%) Short selling $1.06B; Ratio 10.819% is planning to sell its gaming business brand Lingxi Interactive Entertainment (Lingxi Games), with a potential price ranging from RMB7 billion to RMB9 billion, Chinese media reported.
BABA-W has reportedly approached multiple potential buyers, including 37 INTERACTIVE ENTERTAINMENT (002555.SZ) 0.000 (0.000%) , CHINA RUYI (00136.HK) 0.000 (0.000%) Short selling $41.39M; Ratio 38.393% , CENTURY HUATONG (002602.SZ) 0.000 (0.000%) , GIANT NETWORK (002558.SZ) 0.000 (0.000%) , as well as a consortium formed by two private equity firms.
The overall transaction price for Lingxi Games is expected to range between RMB7 billion and RMB9 billion.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-23 16:25.) (A Shares quote is delayed for at least 15 mins.)