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As Microsoft and Google battle it out, Amazon is quickly becoming a major player in the education technology scene, according to an analysis of the study by EdWeek Senior Editor Sean Cavanaugh. Many schools use Amazon Web Services for cloud storage, and the online retail giant has a marketplace customized for education. Amazon is also testing a service called Amazon Inspire, which is focused on “the search, discovery, and sharing of digital educational resources.”

Approved by the State Council, eight central regulatory bodies led by the People's Bank of China, the central bank, issued the plan which aims for the municipality to establish itself as a global financial market leader and a go-to market for renminbi-based trading by 2020. A legal, innovative, highly efficient, transparent and open financial system is expected to be in place by that time.

As China finally introduced the policy of reform and opening-up and abolished the coupon system, more Chinese had the financial leeway to buy goods as they wished on the back of an increasingly open market. Since the 1990s, cash has dominated the payment scene for a substantial span of time.

Artificial intelligence expert SenseTime has entered into a strategic partnership in Shanghai with Swiss elevator leader Schindler to develop an escalator safety intelligent response system.

As Chinese pay more attention to food safety, customized farm produce, grown without using pesticides or fertilizers, is attracting interest from well-off urban consumers, especially the younger generation.