China Mobile Invests RMB 1 Bln in M2M Base
CCID, 3/20/12
Ye Lingwei, GM of China Mobile's (NYSE: CHL; 0941.HK) M2M (Internet of Things) base, said recently that China Mobile had invested RMB 1 bln in the vertical service base since it was established - primarily for cloud product R&D including smart home furnishings, smart transportation products, municipal administration products, and municipal security solutions. The operator established its M2M base in Chongqing in July 2010.
To date, China Mobile's M2M base has developed more than thirty M2M products and applications. Among these are China Mobile's automotive network system, which uses in-vehicle equipment and the operator's mobile communications network to provide important automotive safety, in-vehicle communications, navigational services, news bulletins, and entertainment applications to individual subscribers, and route monitoring and transportation dispatch, among other applications, for corporate clients. Ye said that the base is preparing to partner with Chang'an Motors, Hyundai, and other auto makers to pre-install systems into new vehicles to remind car owners of auto warranty periods, car part status, and other realtime data.
As of the end of 2011, China Mobile had more than 11 mln M2M terminals, and a total of more than 10 mln M2M service subscribers around China.
Keywords: China Mobile Internet wireless M2M CHL R&D 0941.HK
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