Si Luo, Chief Technology Officer of Banma, spoke to CGTN Europe about the company’s expansion. Banma, a provider of smart vehicle operating technology, is planning a listing on the Hong Kong Stock Exchange to raise additional funding. The company, a spin-off from Alibaba’s ecosystem, has developed multiple technologies for the automotive industry and aims to create a smart cockpit for cars with three layers of services: a reliable operating system, natural voice interaction, and access to various services such as navigation and entertainment. According to Si Luo, Banma’s strength across all three functional layers sets it apart from competitors in the rapidly growing Chinese smart and self-driving car market. Alibaba will remain a significant stakeholder following the IPO.
