Alibaba files to spin off chip unit T-Head for independent Hong Kong listing

Alibaba has filed to spin off its chip unit T-Head (平头哥) for an independent listing on the main board of the Hong Kong Stock Exchange. Analysts' estimates for the subsidiary run from $25 billion to $86 billion, though JPMorgan says its reliance on its parent for sales could weigh on its valuation.

Detected & updated continuously · Source: Nebula