Alibaba says Smart Car Spinoff Banma plans to list shares in Hong Kong

On May 9, 2024, the Hangzhou, Zhejiang Province, China, at the Hangzhou Hangzhou.

Nurphoto | Nurphoto | Gets the image

Alibaba-Banma, technology provider for reasonable cars, plans to list shares on the Hong Kong Stock Exchange, according to the application.

In A supply Dated on August 21, Alibaba said she currently owns about 45% of Banma and will continue to control 30% of the company after the list. said Banma in supply that the announcement does not guarantee that the list will happen.

Banma, founded in 2015 and is based in Shanghai, “mainly develops Smart Cockpit Solutions,” the Alibaba submission reads. In March Alibaba announced The fact that he deepened his partnership with BMW in China, creating an artificial intelligence engine with a decision built by Banma, “Alibaba Cabin ISP”.

In addition to Alibaba, Banma is supported by investors including Chinese Saic Motor, SDIC Management and thirstChinese investment firm based on Alibaba co -founder Jack u.

Alibaba in the past refer to the Banma as a joint venture “Between us and the Saic engine”.

See: Fight

Fight

Source link