(Yicai) Dec. 6 -- Shares in Beijing VRV Software surged by the exchange-imposed limit today after the Chinese information security service provider said it is linking arms with an agency under the Ministry of Culture and Tourism to promote the use of its self-developed simultaneous interpretation tool in tourism services across the world.

Beijing VRV’s share price [SHE:300352] closed up 17 percent at CNY7.40 (USD1). Earlier in the day it soared 20 percent to hit CNY7.58.

The Network of International Culturalink Entities will roll out Beijing VRV’s AITran software at a number of cultural and tourism exchange events, Beijing VRV said yesterday, citing the strategic co-operation agreement signed by the two parties.

AITran provides simultaneous translation in more than 100 languages and in many complex daily life, work and travel scenarios, and keeps all data safe, Beijing VRV said. It allows users to communicate effectively and securely in their mother tongues with people living in countries around the world on their mobile phones.

More than 40 of NICE’s overseas culture centers and over 20 of its tourism offices will use AITran to help staff have barrier-free interactions with local people, it added. No mention was made of the revenue that the tie-up is expected to generate.

The two sides also intend to work with other cultural and tourism entities in China and abroad to showcase AITran in exhibitions and promotional activities organized by them.

Beijing VRV has started to focus on the development of AI solutions for users in various scenarios, the company said in its 2023 annual report.

Editor: Kim Taylor