May 07, 2014
According to a source close to the matter, under the previously announced carrier billing partnership between China Mobile (NYSE: CHL; 0941.HK) and US consumer electronics giant Apple's China App Store, China Mobile will receive a 15% share of all China App Store revenue for purchases carried out using China Mobile carrier billing.
Chinese internet and mobile services firm Tencent (0700.HK) has officially announced a new round of internal restructuring, establishing a WeChat Business Group responsible for the company's WeChat (Weixin) mobile messaging application and WeChat open platform, as well as Tencent's "WeChat Pay" third-party payment service, WeChat's "Wei Shenghuo" O2O m-commerce platform, and other WeChat-related services.
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