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Alibaba says chip unit T-Head has filed for a Hong Kong IPO
Alibaba says the proposed spinoff’s size and structure remain undecided, and T-Head would remain a subsidiary.
TLDR
Bloomberg reports that T-Head, which supplies data-center processors in China, submitted its listing application on Sept. 11, citing Alibaba’s filing. Caixin reports that analysts estimate its value at $25 billion to $86 billion, while JPMorgan says reliance on Alibaba for sales could weigh on its valuation.
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