Alibaba Group Holding plans to spin off its Banma Network Technology unit through an initial public offering (IPO), as one of ...

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

TMTPOST -- Chinese e-commerce powerhouse Alibaba Group Holding is planning to spin off Banma Network Technology, a leading developer of smart vehicle operating systems, for a listing on the Hong Kong ...

Alibaba plans to spin off Banma, its smart vehicle tech unit, through a Hong Kong IPO that would reduce its stake to 30%. The listing, which has received initial approval, would mark Alibaba’s first ...