Alibaba's T-Head races toward Hong Kong listing: AI chips cumulative shipments reach 560,000 cards, ranking second in domestic market share

Beating AI News, November 10 - Alibaba announced plans to spin off its chip company T-Head for an independent listing in Hong Kong. In fact, T-Head had already secretly filed its application on September 11. The offering size and listing timetable are not yet determined, and it will remain an Alibaba subsidiary after the listing.

Alibaba disclosed that as of April this year, cumulative shipments of T-Head's Zhenwu series AI chips exceeded 560,000 cards. In March this year, Alibaba CEO Wu Yongming also revealed that T-Head's annualized revenue had reached the RMB 10 billion level.

According to IDC statistics, in the first half of 2026, T-Head accounted for 7% of China's data center AI accelerator card shipments, ranking second among domestic vendors, behind only Huawei's 28%. Nvidia remained first in the overall market with 34%.

In terms of performance, the already commercially deployed Zhenwu M890 can, through high-speed interconnect, combine 64 chips into a super node with 9TB of memory, running large models with over 2 trillion parameters such as Kimi K3. Engineers interviewed by Caijing believe that its overall cluster performance can catch up with Nvidia's H200, but public test data under identical conditions is still lacking.

In September this year, T-Head also released the Zhenwu V900, officially claiming single-chip performance reaching 3 times that of the M890, with mass production planned for the first quarter of 2027.