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Market Chatter: Apple Pressing Bytedance, Tencent to Eliminate Links to External Payment Platforms
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Market Chatter: Apple Pressing Bytedance, Tencent to Eliminate Links to External Payment Platforms
Aug 2, 2024 8:14 AM

10:51 AM EDT, 08/02/2024 (MT Newswires) -- Apple ( AAPL ) is pressing executives at Bytedance and Tencent to remove links to external payment platforms allowing mini-app developers to avoid Apple's ( AAPL ) commission fee structure, Bloomberg News reported Friday, citing unnamed people familiar with recent discussions between the companies.

The sources declined to be identified because the discussions are private, Bloomberg said.

Apple ( AAPL ) told Tencent in May it would not allow iPhone users to download critical updates to its popular WeChat social messaging platform and the company more recently warned it plans to block access to ByteDance's Douyin video-player app unless developers eliminate the links, Bloomberg reported, citing one of the sources. So far, neither Tencent nor Bytedance have made any of the changes sought by Apple ( AAPL ), Bloomberg reported.

Email messages sent to Apple ( AAPL ) and Bytedance from MT Newswires seeking comment were not immediately returned. Tencent also did not respond to a request for comment from MT Newswires posted Friday to a message board on the company's website.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 223.17, Change: +4.81, Percent Change: +2.20

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