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Banma Network Technologies

Founded Year



Series B | Alive

Total Raised


Last Raised

$463M | 2 yrs ago

About Banma Network Technologies

Banma Network Technologies is a developer of Internet-connected cars, which are based on Internet of Things (IoT) technology. In 2016, the company launched the Roewe RX5, a sports utility vehicle (SUV) featuring smart technology from Alibaba's operating system YunOS.

Headquarters Location

Block T4, Hongqiao Ali Center, Lane 1398, Shenchang Road

Shanghai, Shanghai,



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Expert Collections containing Banma Network Technologies

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Banma Network Technologies is included in 1 Expert Collection, including Unicorns- Billion Dollar Startups.


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Latest Banma Network Technologies News

China Digest: Alibaba-backed Banma raises $234m; Meimai snags $30m

Sep 21, 2018

Sports utility vehicles (SUVs) waiting to be exported are seen at a port in Lianyungang, Jiangsu province, China April 5, 2018. REUTERS/Stringer/Files September 21, 2018 Chinese smart car venture Banma Network Technologies has secured $234 million from Yunfeng Capital and others while healthcare technology platform Meimai has snagged $30 million led by Cenova Capital. Banma secures $234m funding from Yunfeng Capital others Banma Network Technologies, a smart car venture of Alibaba Group and Chinese state-owned automaker SAIC Motor , has raised over RMB1.6 billion ($234 million) from Yunfeng Capital, Shang Qi Capital and China’s State Development & Investment Corporation (SDIC), according to a release. The venture aims to roll out 6 million cars for the Chinese market by 2023 while also targeting partnerships with other car-makers. SAIC Motor Corp and Alibaba Group, back in 2015, announced a fund of $160 million to invest in the deployment of Internet cars. In 2018, SAIC Motor also launched a computing cloud platform in partnership with Alibaba Cloud, a subsidiary of Alibaba Group for vehicle research and engineering. Meimai secures $30m led by Cenova Meimai , Chinese healthcare technology platform that offers big data-led medical and health services, has raised a $30-million Series B round from Chinese investors led by Cenova Capital , the China Money Network reported. Other investors who participated in the round include Matrix Partners China, Vision Plus Capital and its existing investor, Source Code Capital which contributed a Series A investment closed in June 2016. Meimai has a coverage across 17 regions in China and offers a number of services such as making appointments, online consultation with doctors, medical record management, grading diagnosis and treatment. Also Read:

Banma Network Technologies Frequently Asked Questions (FAQ)

  • When was Banma Network Technologies founded?

    Banma Network Technologies was founded in 2015.

  • Where is Banma Network Technologies's headquarters?

    Banma Network Technologies's headquarters is located at Block T4, Hongqiao Ali Center, Lane 1398, Shenchang Road, Shanghai.

  • What is Banma Network Technologies's latest funding round?

    Banma Network Technologies's latest funding round is Series B.

  • How much did Banma Network Technologies raise?

    Banma Network Technologies raised a total of $696.76M.

  • Who are the investors of Banma Network Technologies?

    Investors of Banma Network Technologies include Alibaba Group, Yunfeng Capital, SDIC Innovation Investment Management, SAIC Motor and Shang Qi Capital.

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