#Business#General

Alibaba's smart automotive spinoff Banma prepares for Hong Kong IPO

Alibaba has filed documents stating that Banma, its smart automotive technology subsidiary, intends to go public on the Hong Kong Stock Exchange.

CN
cnbc.com
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Wed, Aug 20, 25
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Banma, an Alibaba-backed smart automotive technology company, is preparing to list on the Hong Kong Stock Exchange. Alibaba currently holds approximately 45% ownership and plans to maintain over 30% after the public offering. Founded in 2015 and based in Shanghai, Banma specializes in smart cockpit technologies for vehicles.

The company has established a significant partnership with BMW in China, recently expanding their collaboration to develop AI-powered automotive solutions. Banma's investor base includes SAIC Motor, SDIC Investment Management, and Jack Ma's Yunfeng Capital.

This potential IPO represents a strategic move in the rapidly growing smart automotive sector, providing Banma with capital to advance its technology development and expand industry partnerships.

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
How much ownership will Alibaba maintain after the public offering?
Less than 20%
Exactly 30%
Over 30%
Over 50%
Select an answer above

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