Jun 01, 2023 03:16 AM

TECH

Chinese ChatGPT Rival Mobvoi Files for Hong Kong IPO

By Du Zhihang and Denise Jia

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Mobvoi was founded in 2012 by former Google machine learning scientist Li Zhifei.

Mobvoi was founded in 2012 by former Google machine learning scientist Li Zhifei.

Google-backed Chinese artificial intelligence company Mobvoi Inc. filed Tuesday for an initial public offering on the Hong Kong Stock Exchange.

The Beijing-based startup, valued at $756 million in its last round of fundraising three years ago, didn’t disclose the size of the IPO. Bloomberg reported that the company aims to raise $200 million to $300 million, citing people familiar with the matter.

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