The move, which lowers fees to 25%, is a breakthrough for Chinese developers Tencent and ByteDance
The move, which lowers fees to 25%, is a breakthrough for Chinese developers Tencent and ByteDance
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Apple announced late on Thursday it would lower the commission fees collected in its App Store in mainland China. The move follows pressure from regulators in the tech company’s second-largest market, as well as global scrutiny of its payment requirements.
Fees for in-app purchases and paid transactions will be lowered to 25% from 30% starting on Sunday, Apple said in a statement on its blog for developers.
Continue reading...Source: Guardian - World News
