Apple Cuts China Fees in Big Concession to Beijing and Tencent

Apple Inc. is lowering the fees it collects from app developers in China, a major concession in a hugely lucrative market where the company faced the risk of antitrust intervention by local regulators.

The company said in a statement on Thursday that its typical commission on purchases will drop to 25% from 30% for its mainland China App Store. The move is effective March 15 and applies to apps for both iOS and iPadOS, Apple said on its developer website, noting the shift follows “discussions with the Chinese regulator.”

The iPhone maker is also trimming the rate for mini apps ...