Alibaba: Announces Proposed Spin-Off And Separate Listing Of T-Head

Hong Kong Stock Exchange Confirms Alibaba May Proceed With T-Head Spin-Off - Proposed Spin-Off To Be Effected By Global Offering Of T-Head's H Shares - T-Head Expected To Remain Subsidiary Of Alibaba After Spin-Off - Details Of Spin-Off, Including Size And Structure, Not Yet Finalised - Spin-Off Subject To Approvals From Hong Kong Stock Exchange And China Securities Regulatory Commission