Aileen Chuang / South China Morning Post:

Filing: Alibaba plans to spin off its Shanghai-based self-driving unit Banma through a Hong Kong IPO, reducing its stake from 44.72% to 30% post-IPO  —  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: Alibaba plans to spin off its Shanghai-based self-driving unit Banma through a Hong Kong IPO, reducing its stake from 44.72% to 30% post-IPO  —  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