Big Tech
Apple Clears WeChat Update as Talks Persist Over App Fees
- At stake are billions of dollars of fees from in-game sales
- Apple and Tencent are negotiating future of WeChat mini-games
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Apple Inc. has green-lit a version of Tencent Holdings Ltd.’s WeChat app ahead of the iPhone 16’s debut, buying more time for ongoing negotiations about changes the US company has demanded to China’s most-used social media platform.
Apple has approved a WeChat update for the iOS ecosystem that Tencent submitted this week, people familiar with the matter said. The latest version adds new features within the Instagram-like WeChat Moments and live-streaming, the people said, asking not to be identified discussing internal negotiations.