Chinese artificial intelligence-powered translation start-up New Tranx Information Technology (Beijing) Co. has received a RMB50 million (US$7.5 million) pre-A round from Kaitai Capital and Bojiang Capital Management Group. Meiya Qianhai Wutong Investment, a joint venture between Chinese digital forensics and cybersecurity company Meiya Pico and Qianhai Mergers and Acquisition Fund, and Leaguer Group Co., Ltd., a venture capital vehicle under the Research Institute of Tsinghua University in Shenzhen, also participated in the round, according to a company announcement. The size …

Chinese AI-Driven Translation Start-Up New Tranx Completes Pre-A Funding Led By Kaitai Capital appeared first on China Money Network.