Alibaba Proposes Spinning Off T-Head Semiconductor Unit in Hong Kong IPO

Cointime update: Alibaba has proposed spinning off its wholly owned subsidiary T-Head, a leading full-stack data center chip supplier in China, and listing it separately on the Hong Kong Stock Exchange’s main board. The HKEX has confirmed the spin-off can proceed, and T-Head filed a confidential A1 listing application on September 11, 2026. The deal is planned as a global offering of T-Head H shares, with Alibaba expected to retain control, though offer size and structure remain undetermined.