Apple, Tencent Agree to 15% Cut of WeChat Mini App Spending (2)

Tencent Holdings Ltd. has struck a deal with Apple Inc. that will see the iPhone maker handle payments and take a 15% cut of purchases in WeChat mini games and apps, resolving a high-profile dispute that’s dogged the world’s largest smartphone arena.

China’s social media leader and the US company will soon disclose details of their agreement, which comes after more than a year of talks, according to people familiar with the discussions. To qualify, developers need to sign up to certain Apple software requirements, such as one to help parents share their child’s age range, one of the ...