Hong Kong shares of Alibaba Group 9988.HK climb 2.9% to HK$123.4, on course for the biggest one-day pct gain since August 3
Stock touches the highest since August 13, on track to snap four consecutive falling sessions
Alibaba is expected to reap more than $2 billion from the sale of its game developer unit Lingxi Games to private equity firm Trustar Capital, a person familiar with the matter told Reuters
Lingxi Games and model update
Lingxi Games is best known for 'Three Kingdoms: Strategy Edition', a multiplayer strategy title based on China's Three Kingdoms era
Alibaba also unveils Qwen3.8-27B multimodal dense model in Qwen3.8 series
Year-to-date share performance
YTD, Hong Kong stock down 13.8%, U.S.-listed shares BABA.N down 15.5%
BABA•
