US EditionAlibaba says smart car spinoff Banma plans to list shares in Hong Kong
Alibaba plans to reduce its stake in Banma to 30% post-IPO, aiming to enhance Banma's market profile and access new capital sources for growth.
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Filing: Shanghai-based self-driving company Banma aims to spin off from Alibaba via a Hong Kong IPO, reducing Alibaba's stake from the current 44.72% to 30%
Aileen Chuang / South China Morning Post: Filing: Shanghai-based self-driving company Banma aims to spin off from Alibaba via a Hong Kong IPO, reducing Alibaba's stake from the current 44.72% to 30% — Alibaba's stake in Banma will drop to 30 per cent from the current 44.72 per cent after the IPO, the tech behemoth says
·California, United States
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Leaning Left0Leaning Right0Center3Last UpdatedBias Distribution100% Center
Bias Distribution
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100% Center
C 100%
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