#Business#General

Alibaba's smart car company Banma plans Hong Kong listing

Alibaba announced that Banma, a smart car technology company it supports, will list shares on Hong Kong Stock Exchange.

CN
cnbc.com
News Source
Wed, Aug 20, 25
Published At
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This article has been summarized and translated using AI to help you practice reading and comprehension. While we strive for accuracy, some nuances may be lost in translation.

View originalcnbc.comarticle for the complete source.

Banma is a technology company that makes smart car solutions. Alibaba owns about 45% of the company and will keep over 30% after listing. The company was founded in 2015 in Shanghai.

Banma develops smart cockpit technology for cars. It has a partnership with BMW in China. In March, Alibaba and BMW worked together on AI technology for cars.

Other investors include SAIC Motor and Yunfeng Capital. The listing will help Banma get money to develop more technology and grow its business in the car industry.

Original Article

cnbc.com

https://www.cnbc.com/2025/08/20/alibaba-smart-car-spinoff-banma-list-shares-hong-kong.html

Comprehension Quiz
Question 1 of 30 Correct
What type of technology does Banma develop for cars?
Engine technology
Smart cockpit technology
Brake technology
Tire technology
Select an answer above

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