Alibaba Group led a $464m series B funding round in Banma Information Technology.

Synopsis

Alibaba Group, a Chinese multinational technology company, led a $464m series B funding round in Banma Information Technology, an internet car total solutions provider, with participation from SAIC Motor, CMG-SDIC Capital Management and Yunfeng Capital.

Principals

target

Banma Information Technology

bidder

Yunfeng Capital

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Market Context

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Seller Team (1)

alex shi

Founder and CEO at BANMA INFORMATION TECHNOLOGY

Manager

target

Deal

£ 413 M

Total Value

Bidder Team (3)

yu feng

Chairman at YUNFENG CAPITAL

Investor

bidder

Deals

£ 6.16 B

Total Value

daniel zhang

Chairman and CEO at ALIBABA GROUP HOLDING LIMITED

Manager

bidder

Deals

£ 43.68 B

Total Value

chen hong

Chairman at SAIC MOTOR CORPORATION LIMITED

Manager

bidder

Deals

£ 3.80 B

Total Value

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