Alibaba says smart car spinoff Banma plans to list shares in Hong Kong
1. Alibaba's Banma plans to list on the Hong Kong Stock Exchange. 2. Alibaba will retain over 30% control post-listing of Banma. 3. Banma develops smart cockpit solutions and partners with BMW. 4. The listing announcement does not guarantee its execution. 5. Banma is a joint venture backed by Alibaba and SAIC Motor.