The e-commerce group is handing Lingxi Interactive Entertainment to a private-equity buyer in a deal reported to be worth at least $1. The move continues a broader pattern of shedding businesses that sit outside its highest-priority technology investments. NextFin News — On August 17, Zhou Bingshu, chief executive of Lingxi Interactive Entertainment, sent a letter to employees confirming that Alibaba Group had reached an agreement to sell its stake in the gaming company. Trustar Capital, the private-equity arm of CITIC Capital, will become the new shareholder. Management, Zhou wrote, will remain in place and continue to operate the business.