PRESS DIGEST-Wall Street Journal - August 17

Alibaba Group 9988.HK is selling its videogame arm in a deal worth at least $1.5 billion, as the Chinese company shifts its focus to artificial intelligence.

Federal prosecutors digging into Mark Walter’s business empire are focused on four entities that served as intermediaries between insurance companies he controlled that made loans to businesses that he also controlled, according to people familiar with the matter.

Powerful storms and floods have killed at least six people in Indiana, including a 4-year-old boy, state officials said on Saturday.