Tencent, Apple agree to 15% cut of WeChat mini app spending, Bloomberg reports

Tencent (TCEHY) and Apple (AAPL) have signed a deal to let Apple handle payments and take a 15% cut of purchases in WeChat mini games and apps, after over a year of talks, Bloomberg’s Pei Li reports. The agreement is part of a new Apple program introduced on Thursday that will be open to all mini app providers. “We have a very good relationship with Apple and we have collaborated on a lot of different areas,” Tencent President Martin Lau said on Thursday. “We have been in discussion with Apple to make the mini game ecosystem more vibrant.”