GTCOM Closes RMB 365 Million Series D Financing

Global Tone Communication Technology Co., Ltd. has announced that it raised RMB 365 million in the series-D round of equity financing and industrial and commercial change. CEC Data, Shanghai Shibei Hi-Tech Co., Ltd., Gusu Development Group, Hangzhou Qianyuanlizhen and Jingxiangkaizheng participated in the investment. China Translation Corporation continued its participation in the investment as the controlling shareholder. Thus, GTCOM, a global leader in machine translation, fintech and research data analysis, will accelerate its effort to file for an IPO on the Shanghai Sci-Tech Innovation Board (STAR Market).