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Google-Backed AI Firm Is Hong Kong’s Latest Stock Debut Flop

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April 24, 2024, 4:45 a.m. | Filipe Pacheco

Bloomberg Technology bloomberg.com

Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.

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