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What's Going On With Alibaba Stock Thursday? - Alibaba Gr Hldgs (NYSE:BABA)
Alibaba aims to restructure T-Head as a partially employee-owned unit before an IPO amid strong investor interest in AI chips and rival Chinese chipmakers' successes.
- After a Bloomberg report on Thursday, Alibaba Group Holding Limited ADRs climbed 5% in premarket trading as investors priced in plans to restructure T-Head into a partially employee-owned business ahead of a potential IPO.
- Momentum from rival Moore Threads Technology's 400%+ first-day jump and Alibaba's $2 billion AI investments fueled investor interest, as Alibaba's ADRs rose 5% on Thursday.
- Founded in September 2018, T-Head designs chips for computing and storage as part of Alibaba's long effort to secure components for its data centres and cloud services.
- The listing push underscores a race to unlock domestic AI hardware as China's tech giants respond to export controls tightening and Nvidia Corp. alternatives demand, with Baidu Inc. showing similar IPO moves.
- Baidu is preparing a Kunlunxin spin-off that could raise up to $2 billion, with Baidu Inc. owning about 59% and expecting it to remain a subsidiary after listing.
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Times of IndiaReposted by 
The Economic Times
The Economic TimesAlibaba to plan IPO for AI chipmaking unit T-Head: Report
Alibaba's US-listed shares rose 4.6% premarket after the report. As a first step, Alibaba plans to restructure the unit as a business partly owned by employees before exploring an initial public offering, though the timing remains unclear, the report said.
·India
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The company is reportedly planning to restructure the unit as a partially employee-controlled business before exploring an initial public offering, according to the agency.
·Brazil
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IPO Watch: China's Alibaba plans to list chipmaking unit T-Head via IPO
Alibaba Group Holding Ltd. is preparing to list its chipmaking arm, tapping strong investor interest in the small circle of companies aspiring to compete with Nvidia Corp. in the hot AI accelerator business.
·New Delhi, India
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Total News Sources14
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
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