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Trustar Capital to acquire Alibaba's Lingxi Games

PRIVATEAug 14, 2026•about 10 hours ago

Acquiring Company

Trustar Capital

Acquired Company

Alibaba Group's Lingxi Games

Hangzhou CityFinancial ServicesFinanceVenture CapitalAngel InvestmentGamingVideo Games

Description

Trustar Capital is in advanced negotiations to acquire Lingxi Games, Alibaba's video game division, in a deal valued between 7 billion and 9 billion yuan. This acquisition represents a significant divestment by Alibaba as it pivots to focus on artificial intelligence and cloud computing. By selling Lingxi, Alibaba aims to enhance its cash flow for strategic investments in technology. The move highlights a trend of private equity firms consolidating digital entertainment assets amid shifts in China's gaming industry.

Company Information

Company

Trustar Capital

About

Trustar Capital is a private equity firm focused on investments in emerging markets. The firm specializes in acquiring assets in sectors with significant growth potential. Trustar aims to leverage its investment strategy to maximize returns for its investors.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired Alibaba Group's Lingxi Games?

Alibaba Group's Lingxi Games was acquired by Trustar Capital. The deal was reported on August 14, 2026. Trustar Capital is a private equity firm focused on investments in emerging markets. The firm specializes in acquiring assets in sectors with significant growth potential. Trustar Capital is privately held and operates in Financial Services.

When did Trustar Capital acquire Alibaba Group's Lingxi Games?

Trustar Capital's acquisition of Alibaba Group's Lingxi Games was reported on August 14, 2026. Trustar Capital is in advanced negotiations to acquire Lingxi Games, Alibaba's video game division, in a deal valued between 7 billion and 9 billion yuan. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Alibaba Group's Lingxi Games do?

Lingxi Games, founded in 2018, is Alibaba's main gaming subsidiary. It is known for popular titles like Three Kingdoms: Strategy Edition, which boasts over 100 million registered users. It is privately held, operating in Gaming, and is based in Hangzhou City.

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