ATLAS News · Technology
Jumpstart Magazine looks at who would fund an Alibaba T-Head listing, while Moomoo reports a 3.5% drop in Alibaba's Hong Kong shares.
Jumpstart Magazine reports that Alibaba's chip unit T-Head wants to go public and asks who would pay for the listing. The piece looks at how much of the unit's business comes from outside the group.
According to Alibaba, more than 60% of T-Head's computing capacity serves customers outside the group. Jumpstart Magazine notes that some are carmakers using Zhenwu chips to develop driver-assistance systems, and they can do so by renting computing power from Alibaba Cloud without buying a chip from T-Head. For Alibaba, that counts as a sale.
Moomoo reports that Alibaba's stock slid 3.5% in Hong Kong. FourWeekMBA reports that Alibaba and Tencent lost $74.9B in a week while Cambricon gained 22%. MarketBeat also published items on reduced Alibaba holdings at IvyRock Asset Management HK, Fisher Asset Management and Pictet Asset Management.
Chip units inside large technology groups often serve both internal needs and outside customers, which can complicate how their revenue and independence are viewed.
The plan and the market moves show how investors may be weighing Alibaba's chip ambitions alongside the performance of its shares.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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