Overview
- Alibaba is preparing to convert T-Head into a business partly owned by employees before considering a public listing, according to reports.
- Timing and valuation for any offering remain undecided.
- T-Head recently secured a contract with China’s No. 2 wireless carrier to deploy its Pingtouge AI accelerators in a new northwestern data center alongside MetaX and Biren chips.
- Alibaba’s U.S.-listed shares climbed about 5% in premarket trading after the reports, reaching roughly $177.
- Peers are taking similar steps, with Baidu advancing a Hong Kong IPO for Kunlunxin and outlining Kunlun M100 for 2026 and M300 for 2027.