Recently, the State Administration for Market Regulation issued the "Interim Measures for the Administration of Compliance Data Reporting in Online Transactions" (hereinafter referred to as the "Measures"), which standardizes the behavior of compliance data reporting in online transactions, leverages the key role of data in platform economy governance, guides platform enterprises to operate in compliance, enhances the efficiency of online transaction supervision, and promotes the healthy development of platform economy. The Measures consist of 21 articles, mainly including four aspects: firstly, clarifying the scope of compliance data for online transactions. Clearly define data as network transaction operator identity information, illegal behavior clues data, administrative law enforcement investigation data, specific commodity or service transaction data, and other network transaction supervision related data generated within the country. The second is to standardize the compliance data reporting behavior of online transactions. Clearly define the submission deadline, submission level, and submission content for four types of data. The third is to standardize the utilization and management of compliance data in online transactions. It is clear that market regulatory departments at all levels can lawfully use compliance data from online transactions for regulatory enforcement and comprehensive big data analysis applications. Data security should be guaranteed in accordance with the law, and any data obtained during the performance of duties should be kept confidential. The fourth is to support government data services and social governance. The State Administration for Market Regulation will provide government data services in accordance with relevant regulations or standards, and encourage all sectors of society to legally use compliant data from online transactions to participate in online market governance. The State Administration for Market Regulation will take the promulgation of the Measures as an opportunity to further create a stable, transparent, and predictable policy environment, guide platform enterprises to implement the main responsibility of compliance data reporting, explore the implementation of penetrating supervision, continuously promote the improvement of the platform economy's normalized supervision ability and level, and build a good development ecology for the platform economy. (New Society)