Get All Access for $5/mo

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. 

 

Most Popular

See all
News and Trends

Ratan Tata Receives 23000% Return From Upstox Investment

Discount stock broker platform Upstox recently said that it has completed a buyback of 5 per cent of former Tata chairman Ratan Tata's holdings in the company.

By Entrepreneur Staff
News and Trends

Insider Cyberattack? Star Health Insurance CISO Allegedly Sells Sensitive Data to Chinese Hacker

Personal data of 31 million Indians allegedly sold for USD 150,000

By Entrepreneur Staff
Business News

Melinda French Gates Announces Open Call for $250 Million Fund. Here's Who Can Apply.

The fund is part of French Gates's $1 billion philanthropic plan.

By Sherin Shibu
News and Trends

Rata Tata Turns 86: Some Lesser-Known Facts, Impactful Investments in Startups by Him

Born to Naval Tata and Sooni Tata, the Chairman Emeritus of Tata Sons and Tata Trusts Ratan Tata is a skilled pilot and the first Indian to pilot the F-16 Falcon in 2007. Besides this, he is prolific investor in various startups too.

By Priya Kapoor
By Amanda Breen
News and Trends

Economy Process Solutions Secures INR 100 Cr in Series A Round Led by Stakeboat Capital

With the raised funds, the platform aims to accelerate growth, expand the range of in-house manufactured products, increase the company's global footprint, and enter new categories, particularly in food and beverage solutions.

By Entrepreneur Staff