Nvidia Faces New Chinese Challenger As Alibaba Moves To Spin Off T-Head

The post Nvidia Faces New Chinese Challenger As Alibaba Moves To Spin Off T-Head appeared first on Coinpedia Fintech News

Alibaba plans to spin off its semiconductor arm T-Head through a public listing in Hong Kong, after the city’s stock exchange cleared the move. The offering still needs final approval from the Hong Kong exchange and the China Securities Regulatory Commission, and Alibaba has not given a date or deal size. The company said it …