Global marketsUpdated Yesterday

Alibaba chip unit T-Head files for Hong Kong listing.

T-Head is Alibaba’s chip-design unit, supplying processors for data centers in China. Its application to list on the main board of the Hong Kong stock exchange moves the proposed spinoff forward. The Wall Street Journal says the filing was made on September 11, while Bloomberg and the Journal published their reports on November 10. It’s a concrete step toward the proposed split, but not the split itself.

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Coverage started Yesterday