Chinese smart car supplier Banma raises $463.5m from Alibaba, SAIC, others

Chinese smart car supplier Banma raises $463.5m from Alibaba, SAIC, others

China-based internet car solution provider Banma Technologies has secured as much as 3 billion yuan ($463.5 million) from its majority shareholders such as Alibaba, Alibaba Jack Ma’s Yunfeng Capital, SAIC Motor and CMG-SDIC, according to an announcement.

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