Deal between Huawei and Tencent Excludes WeChat from Revenue Sharing

Reported 10 months ago

Huawei Technologies Co. and Tencent Holdings Ltd. are nearing a deal where WeChat will operate fully on Huawei's Harmony platform without any revenue sharing. This agreement, if finalized, will allow WeChat to remain on Huawei devices and receive regular updates, benefiting both companies. Huawei's move to monetize its platform comes after it surpassed Apple's iOS in Chinese market share, with discussions ongoing about implementing fees for content and services.

Source: YAHOO

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