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China targets AI-powered price manipulation in new antitrust guidelines (www.scmp.com)

submitted 3 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

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China’s market regulator has moved to tackle the hidden risks of algorithm-driven price manipulation with newly proposed anti-monopoly guidelines for online shopping, food delivery and travel platforms. A draft of the “Anti-Monopoly Compliance Guidelines for Internet Platforms”, published over the weekend by the State Administration for Market Regulation (SAMR), focused heavily on the sophisticated, often opaque ways in which online platforms with significant market power can exploit...

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