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In 50 Words: Google-backed AI startup Mobvoi files for Hong Kong IPO

AI firm Mobvoi has filed for an initial public offering (IPO) on the Hong Kong Stock Exchange. The Google-backed China-based startup, last valued at US$756 million in 2016, did not reveal the IPO size, but sources claim the company is reportedly aiming to raise between US$200 million and US$300 million.

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