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

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

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

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

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 ...

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 ...

Alibaba will retain a 30% stake in Banma after listing, down from its current holding of 44.72%. "It is currently proposed that the proposed spin-off will be effected by way of the global offering ...

Alibaba has unveiled its latest large multimodal model (LMM) solution powered by Qwen and specifically designed for automotive intelligent cockpits, developed in collaboration with global ...

Alibaba said Thursday that it holds a 44.72% stake in Banma with equity method accounting. It expects to retain more than 30% of the company after the listing.