---
title: "[Alibaba Subsidiary] Rumors Circulate of T-Head Spinoff for Hong Kong IPO Next Year, Raising Up to HK$23.4 Billion"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304828004.md"
description: "Market rumors suggest that Alibaba plans to spin off its chip company, \"T-Head Semiconductor,\" for a listing in Hong Kong next year. According to Reuters, citing sources, Alibaba intends to raise approximately USD 2 billion to USD 3 billion (equivalent to HK$15.6 billion to HK$23.4 billion) through the spinoff. Established in September 2018, T-Head released its \"Zhenwu V900\" chip this September, claiming it is currently the most powerful AI chip developed in China, capable of meeting the training and inference needs of large models with trillions of parameters. The chip is scheduled for launch in the first quarter of next year"
datetime: "2026-11-09T09:13:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304828004.md)
  - [en](https://longbridge.com/en/news/304828004.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304828004.md)
generator: "portal-rs"
---

# [Alibaba Subsidiary] Rumors Circulate of T-Head Spinoff for Hong Kong IPO Next Year, Raising Up to HK$23.4 Billion

【Now 新聞台】市傳阿里巴巴明年分拆晶片公司「平頭哥半導體」(T-Head Semiconductor) 來港上市。

據《路透》引述消息報道，阿里擬分拆的「平頭哥」集資約 20 億至 30 億美元，折合約 156 億至 234 億港元，「平頭哥」於 2018 年 9 月成立，今年 9 月發布晶片「真武 V900」，聲稱是現時算力最強，由中國研發的人工智能 (AI) 晶片，可滿足萬億級參數大模型的訓練及推理需求，將於明年首季推出。

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**