Music streaming company Spotify and the music arm of China's Tencent Holdings Ltd will buy minority stakes in each other ahead of the Swedish firm's expected stock market listing next year, the companies said on Friday. The deal will help Spotify, a music streaming leader in Europe and North America, and China-focused Tencent Music, to increase exposure to each other's core markets.

The Asian Infrastructure Investment Bank (AIIB) has approved its first project in China since its opening in early 2016. A loan worth US$250 million will go to the Beijing Air Quality Improvement and Coal Replacement Project, which aims to reduce the country’s coal use by about 650,000 tons annually.

Xuhui District’s initiative to integrate and promote art within the commercial community has been hailed as an overwhelming success. Art exhibitions and cultural events have been regularly held within the Xuhui Commercial Circle, and the district’s nine big department stores, including Grand Gateway 66, Oriental Department Store, Metro City and Huijin Department Store, have led the way.

A bird’s-eye view shows the fourth phase of the Yangshan Deep-Water Port in Shanghai. Phase IV of Shanghai Yangshan Deep Water Port, the world's biggest automated container terminal, started trial operations on Sunday. Located at the south of Donghai Bridge, phase IV of the Yangshan Port covers 2.23 million square meters and has a 2,350-meter shoreline.