Alibaba plans Hong Kong IPO for its semiconductor unit T-Head amid rising chip tech competition and regulatory scrutiny.

Alibaba announced plans to spin off its semiconductor subsidiary T-Head through a public offering on the Hong Kong Stock Exchange, pending regulatory approval. The company confidentially filed for the listing on September 11 but has not disclosed the IPO date or size. This move comes as Alibaba recently unveiled its next-generation AI chip with triple the performance of its predecessor, highlighting its push into homegrown semiconductor technology amid U.S. restrictions on Chinese chip access. The announcement follows increased regulatory scrutiny on tech IPOs in China and ongoing volatility in tech stocks globally.

Alibaba's move to list its semiconductor unit T-Head highlights its ambition to compete with Nvidia in AI chip technology. On Pluang as of Nov 11, 2026 10:21 WIB, Alibaba's stock trades at USD 102.76, down 2.47% for the day, while Nvidia shares are priced at USD 172.39, down 3.51%. The market shows a stronger sell sentiment for Alibaba with 65% of orders to sell compared to 36% for Nvidia, reflecting differing investor confidence levels in these tech giants amid ongoing sector volatility.