Alibaba Chip Design Unit T-Head Wins Hong Kong Exchange Clearance for Spin-Off Listing

Alibaba disclosed in a filing that its in-house chip design unit T-Head cleared the Hong Kong Stock Exchange for a separate listing, moving forward on a spin-off that would give investors direct exposure to Alibaba's data-center-chip business. T-Head confidentially submitted its H-shares application on September 11; it will remain an Alibaba subsidiary post-listing. The move lands amid China's accelerated push for domestic AI silicon and comes the same week Beijing cleared the way for Chinese cloud buyers to use more homegrown accelerators in place of restricted Nvidia parts.