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

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. 

 

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Science & Technology

How to Access the Inner Power That Makes You Irreplaceable in an AI-Driven World

By awakening our Absolute Intelligence, we can lead with purpose, creativity and heart in a tech-driven world.

Marketing

Why Business Growth Today Demands More Than Just Traditional Marketing

Today's CMOs are growth architects focused on creating coherence and driving business success from within.

Side Hustle

She Quit Her Job at Trader Joe's After Starting a Side Hustle With $800 — Then She and Her Brother Grew the Business to $20 Million

Jaime Holm and Matt Hannula teamed up to build a business in an industry that "didn't exist" yet.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Business News

Microsoft Is Laying Off Over 6,000 Employees, About 3% of Its Workforce. Here's Why.

The company said the cuts will affect all divisions and locations, with a focus on managers.