Alibaba said that its chip subsidiary T-Head had applied on September 11, 2026, for a separate H-share listing on Hong Kong’s Main Board. T-Head would remain an Alibaba subsidiary after the initial public offering.

Founded in 2018, T-Head develops data center chips for computing, storage, and networking.

T-Head’s products include the Zhenwu series AI chips, Yitian central processing units, ICN interconnect chips, Panmai smart network interface cards, and Zhenyue storage controller chips.

Together with Alibaba Cloud, it also launched the Zhenwu Supernode for training and inference of large AI models.

As of April 2026, cumulative shipments of T-Head’s Zhenwu AI chips had reached 560,000 units. The chips serve more than 650 enterprise customers across over 20 industries, including intelligent driving, finance, energy, and manufacturing.

The proposed listing comes as other Chinese chip companies pursue stock market debuts, including Baidu’s Kunlunxin, which is pursuing listings in Hong Kong and on Shanghai’s STAR Market.

🔗 Source: Cailianshe