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hot_img Alibaba confirms the sale of Lingxi Interactive Entertainment to Xincheng Capital, with management remaining stable

According to reports from Blue Whale Technology, Alibaba and CITIC have officially reached a transaction agreement, in which Alibaba will transfer its shares in Lingxi Interactive Entertainment, and Xincheng Capital will become the new shareholder. Xincheng Capital supports the existing team to operate stably under the leadership of the management team, which will remain stable and continue to develop alongside the company.Lingxi Interactive Entertainment is a gaming brand under Alibaba, and its gaming business can be traced back to the integration of the 9Game channel business after the acquisition of UC in 2014. In 2017, Alibaba fully acquired Guangzhou Jianyue for approximately 1 billion yuan, which later became the predecessor of Lingxi Interactive Entertainment. The self-developed game "Three Kingdoms Strategy Edition" became a top hit in the SLG category in 2019. Since 2023, Lingxi has undergone multiple adjustments, and in March 2024, founder Zhan Zhonghui stepped down as CEO, with producer Zhou Bingshu of "Three Kingdoms Strategy Edition" taking over.The new shareholder, Xincheng Capital, is a private equity investment business under CITIC Capital, which has completed over 100 investments since 2002, managing a total of 10.5 billion USD in funds. Lingxi Interactive Entertainment CEO Zhou Bingshu expressed gratitude in an internal letter, stating that Alibaba "nurtured and grew Lingxi," and that the new shareholder Xincheng Capital will "inject new momentum" into the company's development. The specific amount of the transaction has not yet been disclosed.

Gate officially announces Inter Milan's offline event, unlocking the interactive experience with the championship trophy and legendary stars

Global leading cryptocurrency asset trading platform Gate announced that it will hold the "Gate x Inter XIII: Champion's Circle" offline event in Milan on May 21.This event coincides with Inter Milan Football Club securing the championship three rounds early in the 2025-26 Serie A season, successfully winning the club's 21st league trophy, while Gate also celebrates its thirteenth anniversary. As the official sleeve sponsor of Inter Milan, Gate witnesses the championship moment alongside the team, with its brand influence continuously rising in both the sports and Web3 industries.During this event, Gate will invite participants to the Inter Milan headquarters to closely view the trophy that symbolizes championship glory and experience the history and culture of a top-tier club. Legendary Inter Milan players will appear to share behind-the-scenes stories from the pitch and locker room, and there will be opportunities for photos and autograph interactions.At the same time, Gate's CMO will engage in a community development dialogue with Inter Milan executives, discussing topics such as global user growth, brand culture, and community operations. The event will also include a tasting session for the limited edition Gate x Inter Milan co-branded pizza. After the event, Gate will publicly release the co-branded pizza recipe to further extend community interaction and festive atmosphere.In addition, Gate's compliance progress in Europe is continuously advancing, with its Malta company Gate Technology Ltd having obtained European MiCA and PI licenses under the supervision of the Malta Financial Services Authority (MFSA), further strengthening its global compliance layout. Leveraging top-tier sports IP and the popularity of international events, Gate will continue to expand the boundaries of connection with mainstream culture.

The National Internet Information Office and four other departments jointly announced the "Interim Measures for the Management of Humanized Interactive Services in Artificial Intelligence."

The National Internet Information Office, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security, and the State Administration for Market Regulation jointly announced the "Interim Measures for the Management of Humanized Interactive Services in Artificial Intelligence," which will take effect on July 15, 2026.The "Measures" implement the concept of people-oriented and benevolent intelligence, clarifying the principle that the country insists on balancing development and security, promoting innovation and legal governance, encouraging innovative development of humanized interactive services, and implementing inclusive, prudent, and classified regulatory measures for humanized interactive services; it proposes measures to promote humanized interactive services, clarifying support for technological research and development innovation, and encouraging orderly expansion of applications in related fields such as cultural dissemination and elderly companionship.It stipulates the basic requirements for providing humanized interactive services, clearly stating that activities that generate harm to national security, honor, and interests, incite subversion of state power, or overthrow the socialist system are prohibited, and specifies the safety management obligations of humanized interactive service providers; it improves the protection system for the rights and interests of internet users, stipulating the obligations of humanized interactive service providers regarding the protection of minors, the elderly, and personal information.In addition, the "Measures" also stipulate systems for safety assessments, algorithm filing, and guiding the promotion of the construction of safe service platforms for artificial intelligence sandboxes.
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