News
Alibaba plans to list AI chip unit T-Head on Hong Kong Stock Exchange
Alibaba announced that it intends to spin off its semiconductor subsidiary T‑Head through a public offering on the Hong Kong Stock Exchange, pending approval from the exchange and the China Securities Regulatory Commission. The company filed a confidential application on September 11, but did not disclose a timeline or size for the listing. Alibaba highlighted that its new Zhenwu V900 AI chip delivers three times the performance of the previous generation. Shares of Alibaba were trading about 1% lower after the news.