ALIBABA PLANS HONG KONG IPO FOR AI CHIP UNIT T-HEAD Alibaba (BABA, http://9988.HK) plans to spin off and list its semiconductor subsidiary T-Head on the Hong Kong Stock Exchange. T-Head develops data-center chips and computing solutions, positioning it within China's growing AI semiconductor industry. The company has already filed a confidential IPO application and is expected to remain under Alibaba's control after listing. The offering size, valuation and timeline remain unconfirmed, with regulatory approvals still pending.(彭博社)