"WeChat is the only app a Chinese person needs in China, since it also includes 'mini' apps and games inside. But this has long posed a problem for Apple. While the company takes a fee for every app and game purchase made through its App Store, these WeChat apps and games didn't go through the App Store, so Apple didn't see a penny."
"WeChat owner Tencent has made a deal with Apple that will see the iPhone maker start to handle payments for WeChat games and apps in China, and for that it will take a 15% cut of every purchase, according to a new Bloomberg report. This would potentially earn Apple multiple hundreds of millions of dollars each year, given how huge WeChat is in China."
WeChat functions as an all-in-one app in China, housing 'mini' apps and games that previously bypassed the App Store. Those embedded apps and games avoided Apple's payment and commission systems, leaving Apple without revenue from in-WeChat purchases. Tencent has struck a deal with Apple for Apple to handle payments for WeChat games and apps in China. Apple will take a 15% fee on each purchase under the agreement, down from its usual 30% commission. The deal could generate multiple hundreds of millions of dollars annually for Apple due to WeChat's massive user base of 1.41 billion monthly users. Negotiations lasted over a year.
Read at GSMArena.com
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