Apple and Tencent secures 15% share of WeChat mini-game purchases
Apple and Tencent have reached a deal allowing Apple to earn a 15% cut from purchases in WeChat mini-games and apps. The agreement follows year-long talks after Apple demanded Tencent close payment loopholes that bypassed its 30% App Store fee. Apple shares rose 0.2% in premarket trade, while retail sentiment on Stocktwits trended bearish.