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

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.

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

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 ...

In 2021, Alibaba expected Little Donkey’s fleet to be delivering one million parcels a day in three years’ time. If the team is on track with the projection, Little Donkeys could be hauling a ...

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 ...