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 ...

TMTPOST -- Chinese e-commerce powerhouse Alibaba Group Holding is planning to spin off Banma Network Technology, a leading developer of smart vehicle operating systems, for a listing on the Hong Kong ...

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

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