HKG:0136

Market Chatter: Alibaba Looks to Sell Lingxi Games Arm

Alibaba (HKG:9988) is looking to sell its Lingxi Games division for 7 billion yuan to 9 billion yuan, The Standard and other mainland media reported Tuesday.China Ruyi (HKG:0136), 37 Interactive Entertainment Network Technology (SHE:002555), Zhejiang Century Huatong Group (SHE:002602), and Giant Network (SHE:002558) are among the buyers, the reports said.Alibaba, Ruyi, 37 Interactive, Century, and Giant Network did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)