Alibaba: Plans to Spin Off T-Head for Independent Listing in Hong Kong, Confidentially Filed Listing Application on September 11

Odaily: Alibaba announced its plan to spin off its wholly-owned subsidiary T-Head (Shanghai) Technology Co., Ltd. for an independent listing on the Main Board of the Hong Kong Stock Exchange. The Hong Kong Stock Exchange has confirmed that Alibaba may proceed with the spin-off, and T-Head submitted a listing application (Form A1) to the HKEX on a confidential basis on September 11, 2026. The spin-off is intended to be carried out through a global offering of H shares, including a Hong Kong public offering and a placing to institutional and professional investors.

Alibaba stated that T-Head is currently a leading full-stack data center chip supplier in China, with its chips capable of providing system-level computing power solutions. Following completion of the spin-off, T-Head is expected to remain a subsidiary of Alibaba. Currently, the size and structure of the global offering, as well as the extent of adjustment to Alibaba's shareholding percentage, have not yet been determined. The spin-off remains subject to approval by the Listing Committee of the Hong Kong Stock Exchange and completion of procedures including filing with the China Securities Regulatory Commission.