According to foreign media reports, Alibaba's semiconductor subsidiary Pingtouge plans to do an IPO in Hong Kong in 2027, raising at least 2 billion to 3 billion US dollars. If the news is true, this will be one of the largest semiconductor IPOs in the Hong Kong stock market in recent years. Regarding this matter, Sina Technology has sought official evidence from Alibaba, and as of press time, there has been no response. According to public information, Pingtou was founded in 2018 and integrated with the DAMO chip team, which was acquired by Ali, to carry Ali's full-stack ambition from “making cores” to “using cores” in the semiconductor field. Since its establishment, its product line has covered Xuantie series processors, Yitian server chips, optical AI chips, Yujin RFID chips, Zhenyue 510 enterprise-grade SSD main control chips and PPU chips, and has a “swordless” SoC chip design platform. Alibaba CEO Wu Yongming revealed during the 2026 Q3 earnings conference call that Pingtou “has successfully commercialized” the chip scale has exceeded 470,000 chips, and the annual revenue scale has also exceeded 10 billion dollars.

According to foreign media reports, Alibaba's semiconductor subsidiary Pingtouge plans to do an IPO in Hong Kong in 2027, raising at least 2 billion to 3 billion US dollars. If the news is true, this will be one of the largest semiconductor IPOs in the Hong Kong stock market in recent years. Regarding this matter, Sina Technology has sought official evidence from Alibaba, and as of press time, there has been no response. According to public information, Pingtou was founded in 2018 by integrating Zhongtian Microsystems acquired by Ali with the DAMO chip team, carrying Ali's full-stack ambition from “making cores” to “using cores” in the semiconductor field. Since its establishment, its product line has covered Xuantie series processors, Yitian server chips, optical AI chips, Yujin RFID chips, Zhenyue 510 enterprise-grade SSD main control chips and PPU chips, and has a “swordless” SoC chip design platform. Alibaba CEO Wu Yongming revealed during the 2026 Q3 earnings conference call that Pingtou “has successfully commercialized” the chip scale has exceeded 470,000 chips, and the annual revenue scale has also exceeded 10 billion dollars.