🟢 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 sharpens focus on artificial intelligence, cloud computing, and core e-commerce priorities.
• Reuters and Bloomberg both reported the transaction, providing strong confirmation of this company-specific catalyst.
• The deal follows portfolio-streamlining strategy under CEO Eddie Wu and is the clearest explanation for the August 18, 2026 pre-market gain.