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Rani Molla

Apple to get 15% cut of purchases in Tencent’s WeChat mini games and apps

Apple has made a major inroad into China, the world’s largest smartphone market, by reaching a landmark agreement with Tencent to process payments within WeChat’s mini games and apps, Bloomberg reports.

Under the deal, Apple will take a 15% commission on digital purchases — half its usual 30% App Store cut. The arrangement ends a long-running dispute between the two over WeChat’s in-app payment system, which for years allowed users to bypass Apple’s infrastructure entirely, and gives the iPhone maker a lucrative new revenue stream inside the most dominant app ecosystem in China.

The agreement is expected to require developers to comply with Apple’s software policies and close payment loopholes that previously directed users to external systems.

Tencent posted earnings today that beat analysts revenue and earnings expectations.

Under the deal, Apple will take a 15% commission on digital purchases — half its usual 30% App Store cut. The arrangement ends a long-running dispute between the two over WeChat’s in-app payment system, which for years allowed users to bypass Apple’s infrastructure entirely, and gives the iPhone maker a lucrative new revenue stream inside the most dominant app ecosystem in China.

The agreement is expected to require developers to comply with Apple’s software policies and close payment loopholes that previously directed users to external systems.

Tencent posted earnings today that beat analysts revenue and earnings expectations.

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Jon Keegan

Judge blocks Pentagon’s move to blacklist Anthropic

A federal judge in Northern California has granted a preliminary injunction blocking the Pentagon from labeling Anthropic as a national security supply chain risk.

The ruling temporarily prevents the Defense Department from restricting the AI company’s access to federal contracts amid a dispute over its refusal to allow certain military and surveillance uses of its technology. The designation could also have shifted lucrative government work toward competitors, including OpenAI.

Earlier this month, Anthropic, the company behind Claude, sued 17 federal agencies and their heads, alleging the government exceeded its statutory authority.

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