Alibaba: Plans to spin off T-Head Semiconductor and list it independently on the Hong Kong Stock Exchange.

November 10: Alibaba Group announced that the Hong Kong Stock Exchange has confirmed the Company may proceed with the proposed spin-off. Accordingly, on September 11, 2026, Pingtouge submitted a listing application form (Form A1) to the Hong Kong Stock Exchange in confidential form to apply for approval for the listing of and permission to deal in Pingtouge's H Shares on the Main Board of the Hong Kong Stock Exchange.