"Apple announced it is lowering the commission fees on the Chinese App Store effective March 15. The fees for standard Apple In-App purchases will drop to 25% from the current 30% figure. Rates for the qualifying Apple In-App Purchase transactions under the App Store Small Business Program and Mini Apps Partner Program will also be lowered from 15% to 12%."
"Cupertino confirmed that the move was done following "discussions with the Chinese regulator", which we assume is the State Administration for Market Regulation (SAMR), which had previously considered a full-scale antitrust investigation of the App Store."
"According to a report from China's state-owned Economic Daily, the move could save up to 6 billion yuan ($873 million) in annual costs for local developers."
Apple announced commission fee reductions on its Chinese App Store following discussions with Chinese regulators. Standard in-app purchase fees will decrease from 30% to 25%, while qualifying transactions under the Small Business Program and Mini Apps Partner Program will drop from 15% to 12%. The State Administration for Market Regulation had previously considered launching a full-scale antitrust investigation into the App Store. According to China's Economic Daily, these reductions could save local developers approximately 6 billion yuan ($873 million annually).
Read at GSMArena.com
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