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Banma Completes Strategic Reorganization and Will Start Next Round Financing
Banma Completes Strategic Reorganization and Will Start Next Round Financing
Speedometer. Image credit: Jan Vašek/Jeshoots
Associated Company
Banma Banma

► The board of directors officially appointed Zhang Chunhui (张春晖) as Co-CEO.
► To build a future-oriented smart car operating system, the company will soon open the next round of financing.

According to EO company, after the strategic reorganization of AliOS and Banma, AliOS's complete technical system and core technical personnel have all been injected into Banma. The founders of AliOS, such as Cheng Li, Huang Youyong, Xia Lian, Xu Qiang, Xiao Ruizhe, have joined the company in core management roles including CMO, COO, CFO and so on.

The establishment of the joint CEO role at Banma is mainly to quickly integrate and synergize the Alibaba Group's superior resources in the consumer Internet and SAIC Group's industrial Internet, and promoting the better and faster development of the firm. In addition to organization and talents, the recently launched VENUS system provide personalized customization service for car users, based on AliOS's mini-program for the first time, which is a template of the 5G era of ‘digital travel’ jointly created by SAIC, Alipay and Banma. 

In terms of the completion of reorganization with AliOS, the chairman of Banma, Zhang Jianfeng (张建锋), said, 

"The company must fully integrate and utilize the resources and capabilities of shareholders. Alibaba DAMO Academy, PingTouGe Semiconductor Co., Ltd. and Tmall Genie will fully support Banma to improve its product technology and capabilities and build future-oriented smart car operating systems."

Banma has formulated a "trilogy"-based strategic plan for the development of the vehicle equipped intelligent operating system. The plan involves deep plowing of resources into ICVs, creating an AliOS vehicle operating system to support "smart car machines-smart cockpits-smart cars," enhancing Banma's product and operation capabilities quickly, and using Internet technology for traveling innovation.

The company's website says that the firm covered 400,000 ICVs by December 28th, 2017, including SAIC Skoda, RX5 and so on, and has also signed strategic agreements with car companies, such as Dongfeng Peugeot Citroen Automobile Company LTD. Also, one of its founders, Alibaba, joined hands with FAW Group to manufacture ICVs. 

In a related insight posted in EqualOcean, as the leading player in the 5G market, Huawei has joined with a batch of 18 car companies to establish a ‘5G Automotive Ecosystem’ to accelerate the commercialization of 5G technology in the automotive industry and jointly create 5G vehicles that will catch the attention of consumers. Besides, another competitor Tencent launched its TAI 3.0 in-car intelligent system on January 7th, 2020. In the near future, this market may be full of fierce competition.

Editor: Luke Sheehan

Enterprise Information

Banma Network Technology is an independent startup and its main business is the Intelligent and Connected Vehicle Fund, which was initiated by Alibaba Group and SAIC Motor in 2015.
CATEGORIES: Auto Travel, Emerging Technology and Application, Smart Travel, Auto Traffic, Electric Auto, Smart Auto, Travel Service, Internet of Auto
Last Funding Type
Series A
Number of Employees
501-1000
Number of Funding Rounds
2

Enterprise Information

Banma
Banma Network Technology is an independent startup and its main business is the Intelligent and Connected Vehicle Fund, which was initiated by Alibaba Group and SAIC Motor in 2015.
CATEGORIES: Auto Travel, Emerging Technology and Application, Smart Travel, Auto Traffic, Electric Auto, Smart Auto, Travel Service, Internet of Auto
Last Funding Type
Series A
Number of Employees
501-1000
Number of Funding Rounds
2

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