Peter Elstrom

You certainly ask interesting questions.

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Yeah, so Tencent and Apple have been in this standoff for a number of different years.

games through this super app, and they've allowed developers to circumvent the Apple Store to avoid some of the fees that you would typically pay by using the Apple Store.

Apple hasn't liked that.

They want everybody to go through their Apple Store where they take a 30% cut of most things that are going on.

So we understand from our sources, this is a Bloomberg scoop,

that they've reached an agreement now where customers within the Tencent WeChat ecosystem are going to pay a fee of 15% to Apple.

Yeah, it's a very good question.

Certainly, Apple faces this kind of pressure in many different markets.

It's not just China.

They'd like to bring them down.

But in China, they haven't been able to make that much progress because there are these alternatives like Tencent's.

And I'm Nathan Hager.

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Edition.