Core Points - The newly revised Anti-Unfair Competition Law of the People's Republic of China will officially take effect on October 15, addressing challenges in the digital economy and enhancing legal protections for both businesses and consumers [1] Group 1: Regulation of Unfair Competition - The new law specifically strengthens online competition rules, prohibiting behaviors such as forced redirection, malicious uninstallation, and the improper acquisition and use of others' data [1] - It aims to directly regulate issues like "traffic hijacking," "data theft," and "internet water armies" [2] Group 2: Protection of Small and Medium Enterprises (SMEs) - The law addresses the issue of large enterprises delaying payments to SMEs, explicitly prohibiting the abuse of dominant positions to impose unreasonable trading conditions or delay payments [3] - This regulation targets unfair trading practices such as large enterprises withholding payments for over six months and arbitrary changes in acceptance standards, creating a more equitable competitive environment for SMEs [5] Group 3: Brand Protection and Misleading Practices - The law introduces detailed regulations against "brand squatting" and misleading practices in live-streaming platforms, where smaller brands mimic well-known brands to mislead consumers [6] - It prohibits unauthorized use of influential new media account names, application names, or logos, and the use of others' registered trademarks as search keywords to mislead consumers [7][9] Group 4: Combatting False Transactions and Reviews - The law explicitly bans organizing false transactions and reviews, addressing the gray market of fake reviews that mislead consumer decisions [10] - It requires platforms to establish reporting mechanisms for unfair competition and mandates timely action against violations, creating a dual defense of self-inspection and regulatory oversight [10] Group 5: Addressing Price Wars and Market Order - The law aims to curb "involution" in competition, preventing platforms from forcing or indirectly compelling sellers to sell below cost, which disrupts market order [11] - It specifically addresses extreme low pricing practices that compromise product quality and safety, such as in the power bank and tea beverage industries [10]