Alibaba (09988.HK) said the Hong Kong Stock Exchange has confirmed it may proceed with the proposed spin-off. On Sept 11, 2026, Pingtouge confidentially filed a Form A1 listing application to seek approval to list and trade its H‑shares on the HKEX mainboard.
Alibaba's premarket shares surged sharply.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.