Alibaba Hits a Jackpot & Facebook Competes With TikTok: 4 Things to Know Today Stay tuned to get every day updates in 60 seconds

By Sanchita Dash Nov 12, 2018

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

1. Alibaba hits a jackpot. Breaking last year's record, the Chinese e-commerce giant has earned $24.3 billion by the midday of their annual sale Singles' Day.

2. World's largest supercomputer is now on. Designed to function like a human brain, SpiNNaker was in construction in The University of Manchester since 2006.

3. TikTok has a new competitor in town. Facebook has launched a video app called Lasso that allows users to make and share short-format videos with filters and special effects.

4. Visa & Mastercard's might be taxed soon. According to reports, global payment companies may have to pay 15% of their India income to RBI.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform).

Stories, movies and PJs are my thing.

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing.

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