不是限制奔跑 而是铺平赛道

Core Viewpoint - The newly released "Antitrust Compliance Guidelines for Internet Platforms" aims to support platform operators in effectively preventing antitrust compliance risks and promoting innovation and healthy development in the platform economy [2][3]. Group 1: Regulatory Intent and Impact - The guidelines serve as a compliance manual to help companies avoid pitfalls, providing clear rules and stabilizing expectations, which are seen as valuable policy dividends [2]. - The guidelines translate enforcement experiences into clear compliance standards, listing eight typical risk scenarios such as below-cost sales and exclusive agreements, allowing businesses to operate within a defined framework [2]. Group 2: Shift in Competitive Landscape - The guidelines encourage a transition from "barbaric growth" to high-quality innovation, enabling companies to redirect resources from chaotic competition to genuine innovation in technology, services, and business models [3]. - Compliance is becoming a new competitive advantage, as consumers, partners, and investors increasingly favor well-governed and responsible companies, which can enhance market reputation and capital recognition [3]. Group 3: User Experience and Market Dynamics - The guidelines aim to address common consumer grievances, potentially leading to better services, fairer prices, and a more open online environment for users [4]. - Misinterpretation of policy intentions can lead to short-term stock price fluctuations, but understanding the long-term value of the guidelines is crucial for companies [4].