The two Chinese internet peers’ initiatives reflected the strong investor appetite for AI chip firms and growing demand for alternative computing resources in the domestic AI sector, as Beijing pushed for greater technology self-reliance to overcome US tech sanctions.Hangzhou-based Alibaba was said to be preparing chip design unit T-Head to go public, according to a Bloomberg report on Thursday, citing people familiar with the matter. Alibaba, owner of the South China Morning Post, did not reply to a request for comment.Alibaba’s Hong Kong-listed shares gained 2.3 per cent on Friday to close at HK$168.50, following that report.
