BABA's Banma spin-off aims to cut cash drain, boost capital efficiency and refocus investments on core growth drivers.

Alibaba said on Thursday that autonomous-driving software firm Banma Network Technology is planning a separate listing on the Hong Kong Stock Exchange.

Alibaba plans to spin off Banma, its smart vehicle tech unit, through a Hong Kong IPO that would reduce its stake to 30%. The listing, which has received initial approval, would mark Alibaba’s first ...

Banma is all about making cars smarter inside. Think dashboards that respond like your phone does powered by AI. Based in ...

Group (HK: 9988) said on Thursday that autonomous-driving software firm Banma Network (LON: NETW) Technology is seeking a separate listing on ...

Alibaba (BABA) recently received the initial permission from the Hong Kong stock exchange for a proposed spinoff of its Banma ...

Alibaba Group (BABA) is a Chinese multinational technology company that specializes in e-commerce, retail, and cloud ...

Alibaba Group Holding plans to spin off its Banma Network Technology unit through an initial public offering (IPO), as one of ...

Banma, which is developing in-car software, did not disclose its valuation after the investment. Apart from Banma, Alibaba and SAIC Motor are working on a new electric vehicle brand called IM.