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VisitApple Pressures Tencent and ByteDance to Close App Store Fee Loopholes
Aug 2, 2024, 04:59 AM
Apple is increasing pressure on Tencent and ByteDance to implement significant changes to some of China's most popular apps. The tech giant is demanding that these companies close loopholes used by in-app creators to direct users to external payment systems, which bypass Apple's standard 30% commission on in-app purchases. Sources say this move, initiated in recent months, aims to ensure compliance with Apple's App Store policies and maintain its revenue from app transactions.
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Markets
No • 50%
Yes • 50%
Official announcements from Apple, Tencent, ByteDance, or credible news reports
Yes • 50%
No • 50%
Official announcements from ByteDance or Apple, or credible news reports
No • 50%
Yes • 50%
Official announcements from Tencent or Apple, or credible news reports
Closes loopholes • 25%
No response by deadline • 25%
Refuses to close loopholes • 25%
Partially closes loopholes • 25%
Official announcements from ByteDance, Apple, or credible news reports
Partially closes loopholes • 25%
No response by deadline • 25%
Closes loopholes • 25%
Refuses to close loopholes • 25%
Official announcements from Tencent, Apple, or credible news reports
Not disclosed • 25%
Increase in revenue • 25%
No significant change • 25%
Decrease in revenue • 25%
Apple's official financial statements, earnings reports, or credible financial analysis