{"id":134916,"date":"2025-08-21T04:00:12","date_gmt":"2025-08-21T04:00:12","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=134916"},"modified":"2025-08-21T04:00:12","modified_gmt":"2025-08-21T04:00:12","slug":"alibaba-to-spin-off-banma-self-driving-business-via-hong-kong-ipo-2","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=134916","title":{"rendered":"Alibaba to spin off Banma self-driving business via Hong Kong IPO"},"content":{"rendered":"<p>Source: China &#8211; South China Morning PostAlibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China\u2019s largest technology behemoths moves ahead with a separate listing for its autonomous driving unit to raise capital.<br \/>\nAlibaba has received an initial go-ahead from the Hong Kong stock exchange for Banma\u2019s proposed initial public offering (IPO), the company said in a statement on Thursday. The stake held by the Hangzhou-based conglomerate in Banma will drop to 30 per cent from the current 44.72 per cent&#8230;<a href=\"https:\/\/www.scmp.com\/business\/banking-finance\/article\/3322596\/alibaba-spin-its-banma-autonomous-driving-business-ipo-hong-kong-exchange?utm_source=rss_feed\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: China &#8211; South China Morning PostAlibaba Group Holding plans to spin off its Banma Network Technology unit, as one of China\u2019s largest technology behemoths moves ahead with a separate&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/134916"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=134916"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/134916\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=134916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=134916"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=134916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}