Alibaba Group News - August 17, 2026

Alibaba offloads Lingxi Games for $1.5 billion, sharpening focus on AI

Alibaba Group Holding Ltd. agreed to sell its gaming division, Lingxi Games, to Trustar Capital. The deal is valued at an estimated $1.5 billion. Some reports...

Trump’s WLF Partners With Flagged Chinese AI, Raising Conflict Concerns

World Liberty Financial (WLF), a crypto firm backed by Donald Trump, has entered a collaboration with Hong Kong-based AI platform WorldClaw. The platform...