Alibaba

News and features that prepare you for the upcoming new year, as well as a video that shows a simple version of Harry Potter’s invisibility cloak.

Plus, Japan’s Mitsubishi UFJ Financial Group (MUFG) plans to buy a majority stake in PT Bank Danamon Indonesia. Apple saw a 26% decrease in profit in the third quarter.

The company plans to use the proceeds to further improve its technology.

The bike-sharing startup had just closed a $350 million round led by Alibaba’s affiliate Ant Financial earlier this month.

When it comes to AI, talent means everything. That’s why big companies and start-ups alike are snapping up AI-savvy talent, regardless of the cost.

Plus, Ailbaba has poured money in Hellobike and reported to have joint ofo’s recent funding round. The Chicago Board Options Exchange (CBOE) started trading bitcoin as futures.

What do you get when you combine business with cloud computing, new modes of retail and Big Data?

The twist and turn of the story of bike sharing in China is just beyond what outsiders can imagine.