AI company Mobvoi was listed on the Hong Kong stock market today with a total market value of approximately HK$4.445 billion

today,AI CompaniesMobvoiOfficially listed in Hong KongListing, opened more than 21% lower at HK$2.98, with a total market value of HK$4.445 billion.

It is reported that the company issued approximately 84.57 million shares, with a price of HK$3.8 per share.

AI company Mobvoi was listed on the Hong Kong stock market today with a total market value of approximately HK$4.445 billion

Mobvoi is an artificial intelligence company with generative AI and voice interaction technology at its core. Founded in 2012, it is committed to providing AI solutions for global content creators, enterprises and consumers. The company has general large-scale model capabilities and is the first AI CoPilot technology application in Asia.LeadersAs early as 2020, the company launched UCLAI, a large model that can generate text, and in 2023 launched an upgraded version of "Sequence Monkey" that supports multimodal generation. In addition, Mobvoi has also launched products such as the AI dubbing platform "Magic Sound Workshop", successfully commercializing AIGC technology.

Mobvoi's main revenue comes from AI software and AIoT hardware, among which the revenue of AIGC solutions is growing rapidly, with a compound growth rate of more than 300% from 2021 to 2023. Founder Li Zhifei is a former Google scientist and one of the leaders of China's big model craze. He was the first to realize the commercialization of China's AI big model. The company has completed multiple rounds of financing, and its shareholders include Sequoia Capital, Goertek, Zhen Fund, etc. Mobvoi has a diversified revenue model, focusing on product-driven and user-driven, and has successfully launched smart hardware products such as smart wearable brand TicWatch.

In the past three years, Mobvoi's revenue has achieved steady growth and its gross profit margin has also improved. With an innovative business model that integrates technology, products, and commercialization as its core, the company has successfully achieved a breakthrough in technology commercialization and created a new commercial prospect for AI companies.

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