HONG KONG -- 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.
IPO
Hong Kong hit by third straight weak IPO as AI player Mobvoi disappoints
Google-backed Chinese company struggles out of gate in Asia's worst-performing market
A listing ceremony marks the arrival of Chinese AI company Mobvoi on the Hong Kong market on April 24. (Photo by Echo Wong)
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