Alibaba Group Holding is paving the way for a listing of its wholly owned chip design unit T-Head, as a renewed frenzy to fund semiconductor development in China gathers pace, Bloomberg reported.
T-Head, founded in 2018, is set to be first restructured into a separate business partly held by employees, followed by Alibaba exploring an initial public offering (IPO), Bloomberg reported citing sources, adding that the timing remained unclear. Alibaba owns the Post.
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