Alibaba says smart car spinoff Banma plans to list shares in Hong Kong
On May 9, 2024, Alibaba’s Hangzhou, Zhejiang province, the global center in China.
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Alibaba-According to a file, Banda, a technology provider for smart cars, plans to list the shares in the Hong Kong Stock Exchange.
One filing Alibaba dated 21 August, currently has approximately 45% of Bandma and will continue to control 30% of the company’s shares after the list. My band filing The announcement does not guarantee that a list will be made.
Alibaba’s file, founded in 2015 and located in Shanghai Banda, “mainly is dealing with the development of smart cockpit solutions,” he says. Alibaba in March announced Deepening his partnership with BMW, he built an artificial intelligence engine with a solution produced by Banda “Alibaba’s Smart Cockpit Solution Provider”.
In addition to Alibaba, Bandma, China’s SAIC MOTOR, SDIC INVESTMENT MANAGEMENT AND Yunfeng CapitalA Chinese investment company initiated by Alibaba Founding Partner Jack Ma.
Alibaba in the past referenced “SAIC MOTOR BETWEEN US”.
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