Alibaba's Chip Unit Files for Hong Kong Listing
By P.R. Venkat
Alibaba Group's chip unit has applied to list in Hong Kong, joining the slew of Chinese technology companies tapping one of the world's most active markets for equity fundraising.
T-Head, which makes chips for data centers in China, filed a confidential application to list on the main board of the Hong Kong stock exchange on Sept. 11, Alibaba said in a filing late Tuesday.
The Hong Kong stock exchange has confirmed Alibaba could go ahead with the spinoff, the e-commerce company said.
Alibaba didn't disclose the timing or size of the initial public offering, or how many shares would be offered.
Hong Kong was the world's second-largest IPO market by funds raised in the first nine months of this year, with 118 new listings raising a record near $50 billion. This is more than double a year earlier, according to Hong Kong Exchanges & Clearing.
The spinoff would let investors value T-Head on its own merits, separately from the rest of the company, Alibaba said.
The listing would be done through a share sale to the public in Hong Kong and to institutional investors. T-Head, now wholly owned by Alibaba, is expected to remain a subsidiary post listing.
Alibaba said the listing still needs approval from the Hong Kong exchange's listing committee and must be filed with the China Securities Regulatory Commission.
Write to P.R. Venkat at venkat.pr@wsj.com
(END) Dow Jones Newswires
November 10, 2026 17:04 ET (22:04 GMT)
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