Alibaba Group (BABA) Stock Price Today — Live Chart and Analysis

Alibaba said on 10 Nov that its chip design unit T-Head confidentially filed for a Hong Kong listing on 11 Sep and that the exchange cleared the spin-off, which still needs listing approval. T-Head will remain a subsidiary, and Alibaba says a separate listing will let investors value the chip unit and the rest of the group on their own merits.

Alibaba shares fell about 5% in Hong Kong on 12 Nov after The Information reported that the US Commerce Department is finalizing a rule to stop Chinese AI companies from remotely using advanced chips in data centers outside China. Chinese cloud firms including Alibaba and Tencent have reportedly accessed Nvidia chips through data centers in Southeast Asia and Japan.