Alibaba Group has reached an agreement to sell its gaming subsidiary, Lingxi Huyu, to Asian private equity firm Advantage Partners in a deal valued at no less than $1.5 billion. This strategic divestiture is part of Alibaba's broader initiative to expedite its pivot toward artificial intelligence (AI) technologies. The conglomerate is currently undergoing a sweeping business overhaul, offloading non-core assets while positioning AI and cloud computing as its central strategic pillars. As part of this transformation, Alibaba has set an ambitious target to generate $100 billion in AI-related revenue within the next five years, signaling its commitment to becoming a global leader in the rapidly evolving tech landscape.