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

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

Alibaba BABA is betting big on capital efficiency with its proposal to spin off Banma Network Technology and list it ...

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

Alibaba-backed smart cockpit solutions company Banma Network Technology is planning an initial public offering in Hong Kong, adding to the city's busy deal pipeline. Alibaba said Thursday that it ...

Investing.com-- Alibaba (NYSE: BABA) Group (HK: 9988) said on Thursday that autonomous-driving software firm Banma Network Technology is seeking a separate listing on the Hong Kong Stock Exchange.

Chinese smart car supplier Banma said on Wednesday that it has raised 3 billion yuan ($463 million) from existing investors including Alibaba (9988.HK), SAIC Motor (600104.SS) and others.

Alibaba and SAIC partnered in mid-2014 and established Banma in late 2015. Banma released its vehicle connectivity solution the next year and SAIC said last June that it had sold 600,000 vehicles to ...

By joining forces with more car makers, Banma expects its operating system to be used in 6 million vehicles in China by 2023. Alibaba is not the only Chinese Internet company making forays into the ...

Apart from Banma, Alibaba and SAIC Motor are working on a new electric vehicle brand called IM. ($1 = 6.4744 Chinese yuan renminbi) (Reporting by Yilei Sun and Tony Munroe; editing by Jason Neely) ...

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.