Trustar Capital
Coverage of Trustar Capital in the Nexus archive.
- Alibaba’s $2 billion gaming exit signals where Beijing wants its money
Alibaba is selling its video game development arm, Lingxi Games, reportedly valued between $1.5 billion and $2 billion, to private-equity firm Trustar Capital. This strategic exit allows Alibaba to focus entirely on key growth areas like AI and cloud computing, which are central to Beijing’s economic strategy. The move reflects a broader corporate necessity for large Chinese tech companies to consolidate resources amid domestic competition.
- Alibaba is selling its gaming unit for at least $1.5 billion to fund its AI push
Alibaba plans to sell its gaming unit for at least $1.5 billion. The tech giant agreed to transfer its full stake in the studio to Asian private-equity firm Trustar Capital to fund its AI push.
- Why buyout funds, not IPOs, may define China’s next capital market cycle: Zhang Yichen
Zhang Yichen, chairman of Citic Capital Holdings and Trustar Capital, argues that buyout funds may play a more significant role than IPOs in shaping China’s next capital market cycle. He leads companies including McDonald’s master franchise business in China and Hong Kong and Harbin Pharmaceutical Group, and serves on the board of Hong Kong Exchanges and Clearing (HKEX).
- Citic Capital CEO on making China a financial powerhouse
Zhang Yichen, CEO of Citic Capital Holdings and chairman of Trustar Capital, leads several companies including McDonald’s master franchise business in China and Hong Kong, Harbin Pharmaceutical Group, and serves on the board of Hong Kong Exchanges and Clearing (HKEX). The interview was conducted during China’s annual 'two sessions' meetings.