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Chinese cosmetic surgery platform GengMei launched on Wednesday a new AI system that helps users decide how to have a better look, a move aimed at further enhancing its service to both customers and facilities.

Chinese internet giant Tencent Holdings Ltd topped the league table, followed by e-commerce leader Alibaba Group Holding Ltd and telecom company China Mobile Communication Corp. Other well-known names in the top 10 include tech firm Huawei Technologies Co Ltd, Chinese liquor producer Kweichow Moutai Co Ltd, and the world's biggest bank in terms of assets, Industrial and Commercial Bank of China.

Chinese companies are also working hard to come up with more fundamental innovation. For instance, Megvii developed its proprietary deep learning framework, the MegEngine, and its AI productivity platform Brain++, which can enable algorithm training at scale.

Chinese green cards became machine-readable in July to make foreign permanent residents' daily lives and work easier. Similar to second generation Chinese citizens' ID cards, the smart cards contain a chip in which the foreigner's identity information is kept, and the information is shared with railways, airlines, hotels and banks.

Chinese leaders said "science and technology constitute a primary productive force" as early as 1988 and aimed to build an "innovative country" in 2006. In recent years, President Xi Jinping has emphasized many times "innovation is the primary engine of development" and set "innovation-driven" as a strategic plan for the country's development.