This photo shows a view of the ARM-structure server processor Yitian 710, developed by Alibaba’s in-house semiconductor unit T-Head, at the Apsara Conference, Hangzhou, Oct. 19, 2021. Photo: AP
Alibaba’s home province to offer preferential tax policies

The local government aims to ease the financial burden for enterprises and individuals by 300 billion yuan in 2022.

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Representations of virtual cryptocurrencies seen in this illustration taken November 28, 2021. Photo: Reuters
Russia proposes ban on cryptocurrencies, points to steps taken in China

The central bank of Russia, the third-largest bitcoin mining market, cited risks to financial stability and pointed to China’s cryptocurrency ban as an example.

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