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

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

Source: TechMeme
Source Link: http://www.techmeme.com/250821/p3#a250821p3