--- title: "Alibaba Prepares Hong Kong IPO For Chip Unit T-Head as China Ramps Up AI Chip Ambitions to Challenge Nvidia" type: "News" locale: "en" url: "https://longbridge.com/en/news/305139125.md" description: "Alibaba is preparing a Hong Kong IPO for its semiconductor subsidiary, T-Head, following approval from the Hong Kong Stock Exchange. The move supports Alibaba's expanding AI hardware ambitions, including the recent Zhenwu V900 chip launch. While Alibaba has placed significant orders for Nvidia chips amid high demand, short seller Culper Research alleged indirect financing to bypass restrictions. The listing remains subject to regulatory approvals." datetime: "2026-11-11T08:03:53.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/305139125.md) - [en](https://longbridge.com/en/news/305139125.md) - [zh-HK](https://longbridge.com/zh-HK/news/305139125.md) generator: "portal-rs" --- # Alibaba Prepares Hong Kong IPO For Chip Unit T-Head as China Ramps Up AI Chip Ambitions to Challenge Nvidia **Alibaba Group Holding Ltd. (NYSE:BABA)** is preparing to spin off its semiconductor subsidiary, **T-Head**, through a proposed public offering in Hong Kong, adding a potential listed vehicle for its chip ambitions. The **Hong Kong Stock Exchange** approved Alibaba’s pursuit of a T-Head spinoff, according to an announcement made late Tuesday. Alibaba said on Wednesday that it intends to publicly offer T-Head shares in Hong Kong. The transaction remains subject to approval from the exchange and the **China Securities Regulatory Commission**. The company has not disclosed a proposed listing date or offering size. Alibaba said it confidentially submitted an application to list T-Head on Sept. 11. **Read Also: Alibaba Explores Spanish Expansion Amid Global AI Push** ## Alibaba’s AI Chip Push Gains Momentum The proposed listing comes as Alibaba expands its focus on internally developed AI hardware. In September, the company introduced the Zhenwu V900 AI chip, describing it as capable of delivering three times the performance of its predecessor, the Zhenwu M890, and supporting clusters of up to 500,000 chips, with production expected to begin in Q1 2027. While no international benchmark is available, Chinese analysts have compared the M890 to **Nvidia Corp.**‘s (NASDAQ:NVDA) H200 chip. That being said, with intensifying demand for advanced computing hardware across China’s technology sector, **ByteDance**, Alibaba and **Tencent Holdings Ltd.** (OTC:TCEHY) were reported to have placed more than $35 billion in orders for **Nvidia Corp.** (NASDAQ: NVDA) graphics cards. Short seller **Culper Research** alleged in a May 2026 report that Alibaba indirectly financed entities in Southeast Asia to gain access to restricted Nvidia AI chips. Culper alleged that Alibaba secretly financed Singapore-based chip buyer **Megaspeed** through intermediary companies, potentially helping it obtain restricted Nvidia AI chips and route them through Southeast Asia. The short seller cited corporate filings and financial records to support its claims. Alibaba and Nvidia did not immediately respond to Benzinga’s request for comment. **Price Action**: Over the past month, Alibaba stock has declined 7.28%, as per Benzinga Pro. On Tuesday, the stock closed 2.52% higher at $102.72. ***Disclaimer*:** *This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.* **Read Also: Nvidia’s $7.5 Billion China Chip Scandal Leads to This Shanghai-Listed AI Company** Image via Shutterstock ### Related Stocks - [BABC.US](https://longbridge.com/en/quote/BABC.US.md) - [BABO.US](https://longbridge.com/en/quote/BABO.US.md) - [BABU.US](https://longbridge.com/en/quote/BABU.US.md) - [BABW.US](https://longbridge.com/en/quote/BABW.US.md) - [BABX.US](https://longbridge.com/en/quote/BABX.US.md) - [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md) - [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md) - [HBBD.SG](https://longbridge.com/en/quote/HBBD.SG.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [BABA.US](https://longbridge.com/en/quote/BABA.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) ## Related News & Research - [G Sachs: BABA-W Funding Gap to Narrow from End-2027, Raises EPS Forecast](https://longbridge.com/en/news/304817490.md) - [Alibaba AI chip unit T-Head files for Hong Kong IPO](https://longbridge.com/en/news/305015415.md) - [Alibaba Group Announces Proposed Spin-Off And Separate Listing Of T-Head](https://longbridge.com/en/news/305016639.md) - [G Sachs: Market Forecast Downgrades for BABA-W Have Bottomed Out, Short-term Earnings Show Signs of Inflection; Raises EPS Forecast](https://longbridge.com/en/news/304821039.md) - [CLSA Foresees BABA-W Earnings Rebound; Cloud Profitability to Turn Meaningful](https://longbridge.com/en/news/304574606.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**