Chinese AI firm Mobvoi to raise $44.3m in Hong Kong IPO

Chinese AI firm Mobvoi to raise $44.3m in Hong Kong IPO

Figurines with computers and smartphones are seen in front of the words "Artificial Intelligence AI" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration

China’s Mobvoi Inc said on Tuesday that it plans to raise up to HK$346.7 million ($44.29 million) through an initial public offering in Hong Kong later this month.