Alibaba has announced plans to list its semiconductor subsidiary T-Head on the Hong Kong Stock Exchange, having filed confidentially on September 11. The company recently unveiled its next-generation AI chip, the Zhenwu V900, which boasts three times the performance of its predecessor. However, Alibaba's Hong Kong-listed shares traded 1% lower on November 11 and are down about 29% year-to-date. The tech sector faces heightened scrutiny from Chinese regulators regarding IPOs.