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.
This section contains no articles today
The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.
Get the free version of Marbridge Daily delivered to your inbox
Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:Click here
Members login here
Search Marbridge Daily