 16-Jan-18, The Wall Street Journal

Apple Inc and Chinese technology giant Tencent Holdings have settled their tiff over tips, allowing users of Tencent’s popular WeChat messaging app to resume giving monetary gifts to their favorite video-streaming stars and content creators.

Image: Christian de Looper / Digital Trends

The tipping function was suspended in 2017 after a dispute between Apple and Tencent on the terms. Apple contended the tips amounted to in-app purchases, entitling it to a 30% cut of the amount transferred. Tencent balked, saying it didn’t get any revenue itself and provided the service at no cost as a means to build engagement.

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 Financial Services insights