US Stock Market Move | Alibaba Group Holding Limited Sponsored ADR (BABA.US) falls more than 3% in pre-market trading. Official guidance for internet platforms to prevent anti-monopoly compliance risks.

On Friday, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell more than 3% in pre-market trading, to $158.73. In terms of news, on February 13th, the State Administration for Market Regulation issued the "Antitrust Compliance Guidelines for Internet Platforms" in order to promote innovation and healthy development in the platform economy, providing clear guidance for platform operators to conduct antitrust compliance. The guidelines focus on four categories of antitrust risks: monopolistic agreements, abuse of market dominance, operator concentration and abuse of administrative power to exclude competition, and competition restrictions, setting clear and distinct "red lines" for platform operators. The guidelines identify new types of antitrust risks in 8 scenarios, including: algorithm collusion between platforms, organizations helping platform operators reach monopolistic agreements, unfair high prices on platforms, selling below cost, banning and blocking, "exclusive choice" behavior, "lowest price across the network", and differential treatment on platforms, providing practical guidance for platform operators to strengthen antitrust compliance management.