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International Business Times
International Business Times
Business

Apple Cashes In on WeChat; iPhone to Take Cut from Mini Apps in China

Apple WeChat China App Store Tencent

Apple is finally cashing in on one of the largest untapped markets in its App Store ecosystem. For years, WeChat's "mini" apps and games in China bypassed the App Store entirely, leaving Apple out of the billions flowing through Tencent's platform.

That changes with a new deal between Apple and Tencent, which will allow Apple to process payments for WeChat apps and games and take a 15% cut of every purchase.

WeChat's Dominance in China

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