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The company is also involved in facial recognition, fingerprint data collection, and manufacture of chip-embedded passport cards and work permits. Chinese authorities dealing with foreigner affairs in China use its information management system, Wang said.

The company will also continue to invest in its Chinese social media accounts on WeChat and Weibo, two of the most popular platforms on the Chinese mainland.

The company said it will close the site by June 2018 and about 90 employees will be affected by the decision.

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The company is building an information network for intelligent vehicles, one of the most important assets for smart cities, so that they are able to communicate with one another to further develop the efficiency of automated driving technology.

The company's third-quarter results showed its Asia business delivered 12-percent revenue growth year-on-year, on top of 10 percent a year ago. Operating income increased 25 percent, with wholesale, franchisee and e-commerce each posting double-digit growth year-on-year. Most markets in the region grew. In China, Levi's sees the women's category growing faster than men's. It is excited by the opportunity to grow this under-penetrated category.

The company said it has sent 44 teams using special equipment to collect plasma from recovered patients and set up 50 plasma collection sites.

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The company's carrier business, which includes Huawei's telecom equipment and services, recorded a loss in revenue of around 1 percent in 2018, as it faced security allegations in some markets. Huawei has repeatedly said such allegations are groundless and not backed by factual evidence.

The company launched a new A8L model on Chinese market the same day.

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The company's business model developed over time as Jiang and his colleagues became more sophisticated in their approach and adapted to new demands.

The company posted a net profit of 287.51 million yuan for January-September, up 33.85 percent year-on-year.