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As The Times points out, Microsoft and Boeing take much more of a hands-on approach to philanthropy. The reason for Amazon’s lack of involvement is an overall libertarian philosophy, one that’s rooted deeply in the company’s value system and driven by founder Jeff Bezos, notes The Times. That doesn’t always sit well in Seattle, a community that leans left and likes to think of itself as very much community-oriented.

As a teen-age basketball phenom, Han Xu is about to embark on a life-defining journey, after becoming the first Chinese player drafted into the Women's National Basketball Association in over 20 years.

As a student, he spent two years learning Chinese, and the third year majoring in physical training. After graduation, he worked as an English and Spanish teacher for kindergarten students and adults in Beijing.

As a result, passenger cars, which take up the lion's share of total car sales, totaled 24.72 million units last year, up 1.4 percent year-on-year, the lowest point since 2008, Chen said.

As for how these consumers are paying for their high-end products, statistics by Bain & Company show that nearly 60 percent of the Chinese buyers aged 23 to 38 rely on money from their parents.