Alibaba Group said on Tuesday it has received approval from the Hong Kong Stock Exchange to proceed with the proposed spin-off and separate listing of T-Head, its semiconductor subsidiary, which confidentially submitted its listing application on September 11 for an H share listing on the main board through a Hong Kong public offering and an institutional placement. T-Head, which Alibaba describes as a leading provider of full-stack data centre chips in China, is wholly owned and is expected to remain a subsidiary after the listing, and the exchange granted Alibaba a waiver from giving existing shareholders an assured entitlement to shares in the spun-off business. The listing still needs Listing Committee approval and completion of the filing with China’s securities regulator, Alibaba disclosed no size, valuation or timetable, and it cautioned there is no assurance the spin-off will be completed.
Alibaba wins Hong Kong approval to list chip unit T-Head
Alibaba said the Hong Kong Stock Exchange has approved it to proceed with the spin-off and separate listing of T-Head, its wholly owned data centre chip subsidiary, which applied confidentially on September 11.
Why it matters: A standalone listing would give investors direct exposure to one of China's leading data centre chip designers and give T-Head its own access to equity and debt financing, though Alibaba disclosed no size, valuation or timetable for the deal.
Data as of Alibaba regulatory announcement dated November 10, 2026, as reported in full by Investing.com on November 10, 2026 and read in full in this run; the announcement disclosed no offering size, valuation or timetable. Developing item.
Sources
- Alibaba advances Hong Kong IPO plans for chip subsidiary T-Head - Investing.com - 2026-11-10