Will Apple's pressure on Tencent and ByteDance work?

Apple is inflaming tensions on the world's largest smartphone market. The US mobile phone maker is pressing Chinese tech firms Tencent and ByteDance to eliminate payment loopholes affecting Apple's fees, or it will reject future updates for the Chinese apps in the Apple app store. What's the background of Apple's warning? How will the wrestling between them pan out? What implications does Apple's monopoly-like behavior have for the Chinese market?

Host Tu Yun joins William Lee, the Chief Economist at the U.S.-based Milken Institute, Dr. Zhou Mi, the Deputy Director of the Institute of American and Oceania Study, Chinese Academy of International Trade and Economic Cooperation, and Dr. Li Lun, an Assistant Professor of Economics, School of Economics, Peking University for a close look at the issue on this episode of Chat Lounge.