Alibaba Supports T-Head Pursuing Independent IPO

On January 22, Alibaba Group finalized a decision to support its semiconductor subsidiary T-Head in pursuing an independent public listing. Founded in 2018, T-Head has developed full-stack data center chips including the Hanguang 800, Yitian 710, and a PPU card reportedly comparable to Nvidia's H20, and its products are now deployed across Alibaba Cloud. The move comes amid a surge of Chinese GPU IPOs and heightened investor interest, lifting valuations and listing activity in the sector.