Alibaba says smart car spinoff Banma plans to list shares in Hong Kong
Alibaba said in a filing on Wednesday that Banma, a smart car supplier that the company backs, will list shares on the Hong Kong Stock Exchange.
Latest breaking news and updates for BABA stock.
Alibaba (BABA) ā Market Snapshot (AugāÆ17āÆ2025)
| Metric | Whatās happening | Source |
|------------|----------------------|------------|
| Preāmarket price | Up ~3.5% in early trading, extending a rally that began the previous session. | tradingview.com |
| Earnings outlook | Q1āÆ2026 earnings due AugāÆ21. Analysts project $2.15āÆEPS on $35.35āÆB revenue ā modest growth, but profit margin slightly lower as Alibaba pours cash into AI initiatives. | tradingview.com |
| Legal / settlement drag | The $433.5āÆM Ant Group IPO settlement still looms, tempering optimism despite the price bounce. | tradingview.com |
| Technical stance | Multiātimeframe AIādriven models flag strong nearāterm (1ā5āÆd) and longāterm (20+āÆd) signals. The stock is near the upper range of a $119ā$144 channel, with a 5.3āÆ% upside to resistance and a 53.8:1 riskāreward setāup targeting a ~15āÆ% gain. | news.stocktradersdaily.com |
| Sentiment | Tim Sykesā commentary (AugāÆ13) frames Alibaba as āa buy now,ā emphasizing strategic pivots, AIādriven growth, and a resilient market position. | timothysykes.com |
| Broader market backdrop | The past weekās event flow (e.g., delistings in China, regional M&A) reflects a tightening capitalāallocation environment, which can heighten
Alibaba said in a filing on Wednesday that Banma, a smart car supplier that the company backs, will list shares on the Hong Kong Stock Exchange.
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