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  • March 2025
  • Case
  • HBS Case Collection

Mobvoi’s Path Through Market Challenges and Business Reinvention

By: Paul A. Gompers and Shu Lin
  • | Pages:24
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Abstract

Founded in 2012, Mobvoi evolved through multiple transformations—from AI-driven voice technology to smart wearables and later AI-generated content. Backed by major investors, the company navigated shifts in strategy while facing two failed IPO attempts. As market conditions shifted and funding dried up, founder Zhifei Li faced a critical decision—should Mobvoi attempt another IPO or chart a different course for its future?

Keywords

Business Startups; Entrepreneurship; AI and Machine Learning; Technology Industry; China

Citation

Gompers, Paul A., and Shu Lin. "Mobvoi’s Path Through Market Challenges and Business Reinvention." Harvard Business School Case 825-158, March 2025.

About The Author

Paul A. Gompers

Entrepreneurial Management
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