Alibaba's U.S. shares rise after report of plan for chipmaking unit IPO
ReutersJan 22, 2026 9:40 AM
U.S.-listed shares of e-commerce platform Alibaba BABA.N 9988.HK rise 5.3% to $117.65 premarket
Co prepares to list its chipmaking arm, T-Head, Bloomberg News reports, citing people familiar with the matter
According to the report, BABA plans to restructure the unit as a business partly owned by employees before exploring an initial public offering
Process still at its initial stages, and the potential valuation remains unclear - report
Reuters didn't immediately verify the report and BABA did not immediately respond to a request for comment
BABA fell 1.8% in 2025
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