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Alibaba sells its gaming arm, Lingxi Games, to Trustar Capital in a reported $1.5 billion deal, days before earnings.
Sun Art Retail Group Ltd (SURRF) reports steady financials and ambitious growth targets amidst a competitive retail landscape.
Editor’s note: This article has been updated for clarity around Alibaba Group’s workforce changes. While the company has been shifting focus toward AI, the year-over-year decline in headcount was largely driven by the sale of Sun Art, as disclosed in company filings. Additional context has been included. Alibaba Group Holding Limited’s workforce shrank by roughly 34% over the course of 2025, as the company offloaded parts of its offline retail portfolio while sharpening its focus on artificial i
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