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As domestic demand for electricity soars in China, and the country accelerates its shift to renewable energy, nuclear power will be one of the highest-priority projects. China currently operates 36 nuclear reactors, and is in the process of building 20 new ones, according to an official with the Ministry of Environmental Protection. By the end of 2020, China aims to have 58 million kilowatts of nuclear power capacity in operation and more than 30 million kW under construction, ranking second in the world for number of installed units.

As consumer viewer habits shift from broadcast to streaming, competition in the online video space is heating up. Amazon, the Seattle-based e-commerce giant notoriously hungry to break into hot new markets, is quickly rising the ranks to compete with industry titans like Netflix.

As a result, Chinese shipyards maintained their leading position by taking away the lion's share of the business in a sign of the strength of the country's shipbuilders despite global consolidation in the industry as new orders halved in the first eight months of the year, analysts said.

As a result of the deal, Moritz is joining the board of Instacart.

As efforts to track down corrupt officials and recover assets are increased, China's battle against corruption has been intensified in various aspects.