Alibaba Eyes Hong Kong IPO for Zebra Network: SAIC, Largest Shareholder and Customer, Sustained Losses of 2.6 Billion in First Three Years

2 week ago / Read about 0 minute

Author：小编

Established in 2015 as a joint venture between Alibaba and SAIC Motor, Zebra Network specializes in providing smart cockpit solutions. Collaborating with numerous automakers, the company has served over 1 million smart vehicles. Despite its prominent position in the smart cockpit industry, Zebra Network has accumulated losses of 2.6 billion yuan over the past three years, with these losses escalating in the first quarter of 2025. The company is heavily reliant on SAIC Motor, its primary customer, and Alibaba, its key supplier. Amidst these financial challenges, Zebra Network has announced plans to launch an Initial Public Offering (IPO) in Hong Kong.

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