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% (Aileen Chuang/South China Morning Post)

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

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