Google-backed AI firm Mobvoi's shares fall in third dismal HK listing this week

Google-backed AI firm Mobvoi's shares fall in third dismal HK listing this week

FILE PHOTO: A man walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China March 21, 2023. REUTERS/Tyrone Siu/File photo

Chinese artificial intelligence company Mobvoi went public in Hong Kong on Wednesday and saw its stock promptly drop more than 20% during midday trading, marking the exchange’s third dismal listing this week.