Alibaba (BABA) T-Head spin-off: no guaranteed shares
AI-generated summary Alibaba says it received permission from the Hong Kong Stock Exchange to proceed with a proposed spin-off of its data-center chip unit T-Head, which designs the Zhenwu V900 AI processor. The exchange waived a rule that normally grants a parent company shareholders an assured entitlement to shares in a spun-off business, and Alibaba has not finalized the offering size.