Tencent

Company TCEHY

Last mentioned: 8h ago

Timeline

  1. Fee Reduction

    Apple officially announces the reduction of its China commission rate to 25%.

  2. Developer Pushback

    Major Chinese developers like Tencent threaten to bypass App Store payments via web-based systems.

  3. SAMR Inquiry

    Chinese regulators initiate a formal inquiry into Apple's payment practices and 'monopolistic' fees.

  4. EU DMA Compliance

    Apple forced to allow alternative app stores and lower fees in the European Union.

Stories mentioning Tencent 3

market-trends Neutral

Apple Slashes China App Store Fees as Regulatory Pressure Mounts

Apple has announced a significant reduction in App Store commission rates for the Chinese market, responding to intensifying scrutiny from local antitrust regulators. This move marks a major concession in Apple's second-largest market and signals a broader shift in the global app economy's power dynamics.

2 sources
market-trends Neutral

Apple Slashes China App Store Fees to 25% Amid Regulatory Heat

Apple has officially reduced its App Store commission rate in China from 30% to 25% following sustained pressure from local regulators. This move marks a significant concession in one of Apple's most critical global markets and reflects a broader global trend of platform fee erosion.

2 sources