Alibaba Group News - August 18, 2026
Alipay Launches AI Merchant Platform, Boosting Alibaba Shares 5%
Alibaba affiliate Alipay launched China’s first full-stack agentic commerce platform to automate merchant operations. The all-in-one system allows businesses...
Alibaba Dumps Its Gaming Studio for $2 Billion to Bet Everything on AI — But Can Divestitures Alone Close the Valuation Gap?
Shares of Alibaba surged +3.6% to $129.21 on August 18 after the company confirmed it will sell its gaming unit to private-equity firm Trustar Capital for more...
🟢 Alibaba Group is trading 3.61% up in pre-market after agreeing to sell Lingxi Games
Alibaba Group is trading at $129.21 (+3.61%) after agreeing to sell Lingxi Games to Trustar Capital for reportedly more than $2 billion. - The divestiture...