JPMorgan Chase's (JPM) asset management unit and Alibaba (BABA) are participating as cornerstone investors in Chinese chip designer Montage Technology's upcoming Hong Kong listing, Bloomberg News reported Wednesday, citing people familiar with the matter.

The listing, which includes cornerstone investments from Aberdeen Group, Mirae Asset Securities, and UBS Group's (UBS) asset management arm, could raise $900 million, with the potential for further if an overallotment option is exercised, according to the report.

Aberdeen declined to comment, while JPMorgan, Alibaba, UBS, and the other investors didn't immediately respond to MT Newswires' requests for comment.

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