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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.

alphabet alphabet inc artificial artificial intelligence chinese city developer google hong kong intelligence kong nms:googl stock trading

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